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Oil and Gas Investment Opportunity
Posted by: Marvin J. Markman on 1/18/2017 12:29:09 PM
Funding Needed:
Above $1mil
Category:
Energy / Natural Resources
Location :
USA
Viewed : 501 times
Favorited : 1 times
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Description:
Needing non-op working interest partner to assist in the acquisition of a producing oil and gas property in South Texas, develop 4 PUDS, and flip. Acquisition is $ 1.2 mil, followed by $ 3 mil to drill 4 new horizontal wells, $ 4.2 mil total for 50%. Currently producing 40 mmcfg per month from 40 wells, $ 50,000 per month cash flow, reserves valued at over $ 140,000,000, multiple reservoirs, 13,000 net acres, producing since 1930, all infrastructure in place. Plan is to drill a few new wells and flip the entire property in the $ 40 mil range for a 5-1 ROI in less than 12 months. Please, principals only, no loans, no financing, brokers welcome with solid contacts, no tire kickers, we are real oil and gas professionals searching for real oil and gas investors. Contact member for complete geo and engineering presentation, thank you.
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