Drilling in December.
Jim Wells County, 438 Acres.
| Location | Jim Wells County, Texas |
| Land | 438 acres, 1 well holds entire acreage. |
| Proposed Depth | 5300′, down to the Stillwell Formation (no intermediate pipe needed) |
| Potential Zones | 18 potential targets Miocene Gas Sands – IP’d 300 to 500 MCFD 3200′ Hollow Tree Oil Sand – IP’d 50 to 175 BOPD 3300′ “Teresa” Hollow Tree Oil Sand – IP’d 75 to 150 BOPD 4300′ Hollow Tree Oil Sand – IP’d 50 to 175 BOPD Beirstadt Oil Sand- IP’d 100 to 175 BOPD Alice Sand – IP’d 1000 to 2000 MCFD Stillwell Sands – IP’d 1000 to 2000 MCFD |
| Geology | Faulted Anticlinal Closure. Water drive reservoir with high recovery rates. 5 well potential. |
| Trade | 25% carry on initial well only, 75% NRI. |
| Potential Reserves | 5.1 MMBO & 7.3 BCFG |
| Offset Production | Alfred Field, .25 mile away 2 MMBO & 25.2 BCF Reynolds Field, 1 miles away 2.6 MMBO & 8 BCF Orange Grove Field, 3 mile away 5.3 MMBO & 19 BCF Wade City Field, 3 miles away 10.2 MMBO & 84 BCF Quinto Creek Field, 3.5 mile away 1.9 MMBO & 44 BCF Richard King Field, 6 miles away 22.5 MMBO & 83 BCF |