12 Apr 6/22/22 – KY Phase 4 Drilling Program – ID 1220 – 6 POINTS!
Posted at 14:28h
in Opportunities
Operator to drill 10 wells to the New Albany Shale (IL Basin) and other units to test shallow vertical depths (less than 5,000’) with 1800’ Hz legs
Phase II and III in full swing and producing (no points available in these programs)
Last 2 wells were blowouts in Phase III!
Shale is NATURALLY FRACTURED…estimated 3-4 stage fracking upon good test
Estimated payout around 9 months on projected drilling and completion schedule
Estimated monthly break-even is at $35 BO in shale alone
Estimated 5:1 to 15:1 ROI over well lifetime
Natural gas reserves (in contract phase) for added value
Operator has 95% success rate drilling in the Basin
$131k per 1% WI @ 85%NRI for all wells (point)
$33k per 0.25% WI
Check out Youtube under “Norwood Energy” to see videos.