Wildcat Oil Prospects in Texas-Drill Baby Drill
Some of the biggest fortunes in history were made drilling wildcats. The company is seeking private equity up to $10 Million to drill 4 wildcat oil wells in area that offsets several million barrels of oil discoveries. This area is well known for its oil reserves and huge recovery numbers. Initial production from 2 nearby fields ranged from 500 barrels oil per day to 2000 barrels of oil per day from less than 3000' deep. While Wildcatting is high risk/potential for highest rewards, the potential for dryholes are higher than developmental drilling. This is why we have 4 separate prospects within 2 county area of similar geology. Only one of these has to hit to be huge success. We have seismic, geochem, areomagnetics, and blackbox technology indicating potential for substantial oil discovery. Time to put a bit in the ground. Almost 100% writeoff of investment in first year. Investors get paid back first before we take any profits out of production. NO LOAN BROKERS PLEASE!
Financials (USD)
Amount Sought Not Disclosed
Deal Terms
Offering Memorandum Or Prospectus Available? Available On Request
Willing To Pay Finders Fee? Available On Request
Willing to Co-Broker? Available On Request
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