14.2
  • June 8, 2022 6:53 pm

”Operator to drill 10 wells to the New Albany Shale (IL Basin) and other units to test shallow vertical depths (less than 5,000’) with 1800’ Hz legs

Phase II and III in full swing and producing (no points available in these programs)

Shale is NATURALLY FRACTURED…estimated 3-4 stage fracking upon good test

Estimated payout around 9 months on projected drilling and completion schedule

Estimated monthly break-even is at $35 BO in shale alone

Estimated 5:1 to 15:1 ROI over well lifetime

Natural gas reserves (in contract phase) for added value

Operator has +95% success rate drilling in the Basin

$131k per 1% WI @ 85%NRI for all wells

$33k per 0.25% WI”

Overview

  • Category : Drilling Programs

Location

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