Working Interest Available 16 Producing Wells

Production, Exploration and Development Project on 219 acres in McCulloch County, Texas
1) Immediate income from 16 currently producing wells,
2) Continued drilling will begin September 30th to Dec 31st, 2024, for four more additional direct offset PUD drilling locations plus several additional PUD direct offset to be developed over the next several years
3) Currently pumping sixteen (38 gravity WTI oil) producing wells in the Morris Channel Sand formation sometimes known as Strawn. All equipment, petroleum flow lines, tank batteries, separators and three injection wells are in place (Three injection wells) ( #12A well noncommercial and is only plugged well out of the total 20 wells drilled since 2014). Selling oil to Sun Oil Co. (Sunoco) Energy Transfer Crude Oil trucking is currently the purchaser.
4) Estimated avg. oil reserves & recovery per well is a possible up to 20,000 to 25,000 bbls per well avg. in estimated potential reserves. Total est. reserves on the 219 +/- acre lease with the currently 16 oil wells producing from the Morris Sand has the possible potential of estimated cumulative reserves of 450,000 BOIP to a possible estimated potential of 850,000 +/- BOIP once the entire 219 acre lease is developed in its entirety. There is 15 to 20 more drilling locations on the 219 acre lease. The channel sand, Morris Sand sometimes referred to as the (Strawn Sand) on the 219+/- acre lease has up to a additional possible estimated potential of 850 +/- of oil in place with another 15 to 20 more potential offset PUD drilling locations.
5) Return on original capitalization (investment) 30% to 50% ROI the 1st year with the current producing 16 wells and four new drills completed and producing. Up to 30 years life on each well with slow to flat decline after 3rd year of production. Estimated ROI on investment over the life of the drilling and development project may be as much as 10 to 1 or more at an average price of $75 per Bbl.
6) All new additional 4 wells can be drilled and completed and producing in approximately a five-month period. Once all four new wells are drilled and completed and producing, daily production could be 40 to 100 bopd. a day with the current 16 producing wells perpetuating an accelerated pay-out on all current producers and the four new drilled and completed wells. If there were to be no further drilling and development on the Appleton lease the current producing 16 wells based on current oil prices of $75 per Bbl. return on investment is an approximate ROI of 8 percent to 12% annually.
7) Drilling to TD takes a day and a half on a newly drilled well and approximately three weeks to completely equip the wells and begin production. While we are drilling at the next location we are completing and producing the previously drilled offset locations and selling oil. You are receiving immediate revenue from the current producing wells and newly completed producing wells while drilling additional direct offsets.