Invest in identified well sites in a lease area with proven undeveloped reservesThe Business
The Company is an oil exploration firm that uses the latest technology to locate major deposits in the United States. The Company has targeted specific mineral lease assets based upon low-cost, shallow drilling opportunities. These assets are located in previously developed oil fields to minimize risk. By assembling assets with the focus on proven undeveloped reserves (“PUD”), the Company believes it is poised to rapidly increase production and cash flow. The portfolio of lease holdings is now approximately 18,000 acres in the northern plains of the United States.
Based on existing acreage, the Company has identified approximately 130 drilling locations that it believes are either PUD or probable reserves. Additional acquisition targets are to be pursued once its initial drilling and development plan has been executed.
The Company’s management team has diversified experience in business, and it has highly experienced oil and gas scientists and managers as consultants who have worked with Fortune 500 and established international companies.
Market
The Company is seeking capital for exploitation of the lease area. The Company has completed its first placement of 100 wells at USD50m. The Company is seeking additional capital from $500k on up for additional identified well sites. The Company projects 100 bpd average per well although some wells have produced over 2000 bpd.
Sector: EnergySegment: ExplorationRegion: North AmericaFinancing Size: $1m to $5mContact: Kim Wojcinski
Company: KW Oil & Gas, LLCTelephone: +1 253 581 7803Email: [email protected]