09 Jun SOLD 2 Units left – Lease Acquisition + Rework Program – ID 1205
Posted at 14:44h
in Opportunities
3200 Acre leasehold producing 64 BOPD from 34 wells
Plan is to purchase leaseholds and rework producing and non-producing wells to conservatively double production for Phase I.
No workover payout estimated at 26 months
Workover payout estimated to double production is less than 16 months
Operator has extensive leaseholds, experience, and production in area.
$1.6MM for third for a quarter….$100k per block – (can break up)