MULTI-PAY DEVELOPMENT
DRILLING OPPORTUNITY
Southeastern Washakie Basin
Cepo, N. Dripping Rock and Cedar Chest Fields
- Current Operations
- 14 operated wells / 4 non-operated wells
- Projected October 2010 production / cash flow
- 188 MMCF gross production
- 103 MMCF net production
- $270,000 net monthly cash flow
- Producing formations include the Lewis, Almond and Ft. Union
- 9,434 gross acres / 6,147 net acres
- Active offset exploration activity
- Estimated net PDP reserves as of October 1, 2010
- 16.4 MMCF
- PV10 value of $26.7MM
- Significant Upside in Fort Union, Lance, Lewis and Almond Formations
- Drilling locations identified on acreage block
- 88 Fort Union 2.4 BCFE locs. ($2.4MM CWC/well)
- 15 Lewis 3.2 BCF locs. ($4.3MM CWC/well)
- 17 Almond 7.2 BCF locs. ($3.3MM CWC/well)
- Offset operators utilizing 20-acre Ft. Union spacing
- Recompletion potential:
- 5 Fort Union/Lance recompletions
- 7 Lance/Lewis recompletions
- Proprietary seismic available for review
- Estimated PROB and POSS net reserves
- 2.7 MMBO
- 180.6 BCF
- PV10 of $243.5MM
NOTE: A Confidentiality Agreement ("CA") must be executed prior to receiving the data
package. Please visit our web-site to order this package and download the required CA.
FOR QUESTIONS PLEASE CONTACT |
| Julia Foster, CPL |
(303) 721-6354 ext. 229 |
| David Bickerstaff, Geologist |
(303) 721-6354 ext. 232 |
| Chris McCarthy, P.E. |
(303) 721-6354 ext. 224 |
|
BID DATE
OCTOBER 01, 2010 |
EFFECTIVE DATE
DECEMBER 01, 2010 |
CLOSING DATE
DECEMBER 03, 2010 |
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