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Shallow (5000’) Vicksburg Oil Prospects defined by well-control in highly oil & gas productive Frio-Vx Trend. Stratigraphic Oil Sand Pinch-out Prospect split by Up-to-the-Coast Fault for 2nd Prospect. Four to Five Offset Drilling Locations. Stratigraphic Pinch-out Prospect Objective to Capture Attic Oil. Numerous Frio Channel Sands in Prospect Locations. Reasonable Lease Bonus Costs.
Estimated Reserves: 160ac x 7ft Pay x 250bbl/ac-ft=280,000bbls Oil (Main Pay + 4 Offset Wells)
Type of Trap: Stratigraphic Pinch-out Prospect & Structural High-side Closure on 30ft Up-to-the-Coast Fault (good fault control)
Prospect Validation: Down-dip Oil Production & Oil Shows
Lease Acreage Required: 200 acres out of 650acres (Main Prospect), Reasonable Lease Bonus Costs
Terms of Sale: Cash & 1/32 of 8/8ths ORRI (Subject to Prior Sale)
PRINCIPALS ONLY – NO BROKERS!
$1,500.00 PRESENTATION REVIEW FEE (APPLICABLE TOWARD PROJECT SALE DEPOSIT)