N TX Lease Re-Development Program$ Protected
1500 acre lease. Has produced over 100 MBO in single payzone
Over 1 MMBO in estimated recoverable reserves in PDP payzone with 2 untested payzones.
Plan is to re-enter multiple wells to re-complete in PDP zone and test 2 others to bring lease production up to at least 25 bopd – Phase I
Estimated payout between 8-16 months and potential +8:1 ROI.
Price above for 50%WI @ 75%NRI – turnkey Phase
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