Development of wells on the gas & oil leases located on 68,725 acres for sale

Central America

Posted by tropics (Sunday, June 29, 2008)
Development of wells on the gas & oil leases located on 68,725 acres for sale

Details:
Location: southwest Texas United States Available Interests: .525000 WI of .70 or 75% of 100% (Working Interest) in leases, , totaling 68,725. acres+/- Leases contain 31 proven producing sands above 6,900� with 39 additional sands (4 with shows on logs) and 4 blanket sands - Frio-Wilcox-Vicksburg Series & Strawn/Canyon/Ellenburger formations Reserve estimates based on engineering reports, seismic surveys & well logs, with geophysical & geological analyses Assets include:
40 SI (Shut-In) wells standing for refitting - primary oil & gas 70 shallow wells to drill (proven reserves - shallow)- primary 22 deep (6,900' - 11,000') new wells - drill from logs & seismic location- primary 172 +/- SI (Shut-In) wells standing for rework/re-entry/P&A- some primary Acquisition Cost: Interests above-listed: $71,915,500. Initial operating year - Development budget: $49,973,000.* Estimated Reserves:
Oil: 67,000,000 bbls. +/- (100%)
Gas: 348 Bcf +/- (100%)
Current worth: Estimated Reserves: Oil: $7,906,000,000. (100%) ... $4,150,650,000. (.525000 WI) (@ $118.1bbl.) Gas:$3,201,600,000. (100%) ................... .$1,680,840,000. (.525000 WI) (@ $9.20/mcf) *Includes seismic, drilling, reworking & completions, excluding administrative costs All interests remain subject to prior disposition.

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