”Drilling Project targeting Red River Formation in North Dakota portion of Williston Basin.
Plan to drill ONE initial vertical conventional well to test Red River Fm. Targeting estimated reserves of 600,000 BO based on historical averages.
Seeking Partners to Joint Venture and fund up to 50% Working Interest in first well. Participation will earn rights to multiple offset locations. Ultimate project reserves over 3 million BO.
Total Well Cost of $2,750,000 to the 100% WI.
Potential ROI of 10:1
Investing partners to participate in 5% WI increments up to 50%.”
- Category : Workover / Re-Entry / Shut-In