Business Summary:
TURNKEY OPERATION FOR AN ABSENTEE OWNER! Own 50% Working Interest of an Oil and Gas lease on a 160 acre site with a 100% W.I. and 70% NRI. Reserves of 200MB/oil and 350MMCF/gas. 3D seismic survey report done. Full on-site facility with oil & water tanks. Operator/seller will fund 1 of 2 rework options that will restart production at 50 BPD within 1 month and continue gradually to increase to 150BPD in 1 year . No additional funding needed from new owner. Seller will consider a joint venture partner.
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