5 Oil Wells + 1 SWD Well Re-Entry Project

Initially drilled in 1987, these wells were last in active production in 2017 under the previous owner. Because proper renovations and maintenance have not been consistently carried out, production has been steadily declining. However, we believe that substantial reserves still remain. Our plan is to renovate all infrastructure, including pipes, tubing, tanks, separators, and pumps, to restore the wells to production. We anticipate a maximum yield of 8 to 12 barrels per well, resulting in a total daily production of 40 to 60 barrels.

Our assumption of strong reserves and stable production is reinforced by nearly 12 months of operation where we have consistently produced about 9 barrels per day when online. This observation supports our belief that there are still significant reserves to be discovered & produced in these wells.