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I am seeking a partner to fund this project with a 25% ownership to the partner/s stake for the financial assistance with an 8% interest payback over 5 years. The lease is approx. 160 acres in West Texas with 30 bopd from 2 producing wells. The upside is 2 re-entries on the lease confirmed by engineers...
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I am seeking a partner to fund this deal for a 25% ownership and 8% interest payback over 5yrs. Seeking $1,200,000. To purchase current production(from 2 wells) and re- enter 2 more wells on a 160 acre lease in W. Texas. These re-entries are confirmed by engineering reports to produce at least 40 bopd....
I have a seasoned very knowledgeable team consisting of a geologist, engineer and operator. We are drilling new wells in Oklahoma. You can get in cheap for a fair equity stake. Avg. ROI is about 12-13 months. Lets talk.