”The Nicolai Creek Unit (NCU) includes 5 natural gas wells and 1SWD well along with 2 central production facilities, including compression, dehydration, 3 miles of gathering line and a sales meter station with coalescing filter, ultrasonic flow meters and SCADA. A gravel pack and/or rig workover will substantially increase production from Well #10. Our natural gas production sells for ~$7/Mcf.
Our firm lacks capital needed to exploit proved and probable reserves; seeking partner or buyer.
Upside potential includes conventional exploitation prospects, two outstanding deeper oil prospects, CBM prospectivity and a gas storage project (Phase I feasibility study completed).”
- Category : Prospects / Acreage