The company was founded by a former Exxon Mobil president
responsible for 300,000 barrels of production a day (BOPD).
Management has invested over $1.5 MILLION in establishing
the corporate structure, refining acquisition parameters and
developing
the current deal pipeline.
Current production averages 1133 barrels of oil per month (BOPM)
representing 950,000 BO proved / probable reserves. This
project is estimated to do 3400 BOPM after rework.
Proven and probable (2P) reserves associated with their Louisiana
assets have a discounted present value (PV10) of $41,245,950 as
of a March 1, 2011 reserve summary prepared by management,
indicating attractive potential for growth.
Closed bridge financing for $150,000 and went public in 2011.
Plans to acquire over 1,500 acres with over 59 shut-in wells
and 30 producing wells with 40 BOPD of current production,
which will do 200 BOPD with minimal rework representing 2.1
MILLION barrels of proven reserves. A preliminary agreement
has already been secured.
Plans to acquire and develop $200 MILLIONin proven reserves which is a total value of over $1B for shareholders.
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THIS IS NOT AN OFFER TO BUY OR SELL SECURITIES
OR AN OFFER TO INVEST INTO OIL. ALWAYS CONSULT A LICENSED PROFESSIONAL BEFORE MAKING ANY
INVESTMENT DECISIONS.
READ THIS FULL DISCLAIMER.
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