Vicksburg Sand Dual Oil Drilling Prospects For Sale in Jim Wells County, TX

Abstract-36, Jim Wells County, TX

Dual Oil Drilling Prospects For Sale – One Prospect Stratigraphic Pinch-out & One Prospect High-side Closure in Same Vicksburg Sand

Shallow (5000’) Vicksburg Oil Prospects defined by well-control in highly oil & gas productive Frio-Vx Trend.  Stratigraphic Oil Sand Pinch-out Prospect split by Up-to-the-Coast Fault for 2^nd Prospect.  Four to Five Offset Drilling Locations. Stratigraphic  Pinch-out Prospect Objective to Capture Attic Oil. Numerous Frio Channel Sands in Prospect Locations. Reasonable Lease Bonus Costs.

Estimated Reserves:   160ac x 7ft Pay x 250bbl/ac-ft=280,000bbls Oil (Main Pay + 4 Offset Wells)

Type of Trap:  Stratigraphic Pinch-out Prospect & Structural High-side Closure on 30ft Up-to-the-Coast Fault (good fault control)

Prospect Validation:   Well-control & Down-dip Oil Production & Oil Shows

Lease Acreage Required:   200 acres out of 650acres (Main Prospect), Reasonable Lease Bonus Costs

Terms of Sale:   Cash & 1/32 of 8/8ths ORRI (Subject to Prior Sale)

PRINCIPALS ONLY – NO BROKERS!

$1,500.00 PRESENTATION REVIEW FEE (APPLICABLE TOWARD PROJECT SALE DEPOSIT)