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  • June 8, 2022 11:34 am

“The Oshoto Development Project has 8 autonomous Minnelusa 3-D defined prospects, each with a stand alone reservoir with a potential, recoverable reserve base of 2.5 to 6.25 million barrels of oil, and we intend to test each one.

The Oshoto Prospect, the first prospect this project will test, has a potential recoverable reserve base of 4.5 million to 5 million barrels of oil, and the average Minnelusa well will come on at 400 to 500 barrels of oil per day (BOPD).

1 well producing 400 BOPD –

400 BOPD x $90.00 = $36,000 per day
$36,000 x 355 days = $12,780,000.00
$12,780,000 x 75% (offering’s share) = $9,585,000
$9,585,000 x 2% = $191,700.00-year one return, or an average monthly distribution of approximately $15,975.00, achieving payout in just over 6 months.

That’s what 1 out of 8 wells can do for you. Just imagine what 3 or 4 will do for your portfolio.

Our first test well is offsetting a producing discovery well, and with each successful test well you’ll see an initial return of 14 to 15% a month, that will steadily grow over the next 6 to 9 months to somewhere between 35 and 54% a month, then stabilize there for 72 months, give or take a month or two.

The production graph from another Minnelusa field right next door to ours, 1 mile west and also discovered by our geologist. It’s produced 2.5 million barrels of oil so far and it’s still making over $1 million a year 33 years later.

Each successful test well will inevitably lead to the development of a brand new field of 4 to 10 wells each, and the cost of drilling those additional offsetting wells will be borne by the revenue generated by the successful test well. No new out of pocket money is required or expected

We don’t expect to hit every test well we drill. But we do expect to hit 3 or 4, and the real beauty of this project is we only need to hit one, 1 well out of 8, to recover your principal in 7 months and show you a 35 to 40 to 1 profit over the next 7 years..

$5 million dollar offering

$50,000 minimum investment for 1% WI of all 8 wells

80 to 85% IDC write off for 2022

Annual ROI – 480 to 500%”

Overview

  • Category : Producing Wells

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