
DRILLING PARTICIPATION PROGRAMS
Zorro Petroleum Corporation currently has several 3-Dimensional Seismic Drilling
Prospects it intends to drill by splitting the costs with other oil companies and
experienced industry savy individuals wishing to participate in the drilling and
development costs. These drilling prospects are for those qualified companies
and individuals who can financially accept the catastrophic risks associated with
exploration drilling ventures. For more information on the prospects and terms
associated with these Drilling Programs, click HERE.
LEASE AND SEISMIC BANKING PROGRAMS
For those who are less risk adverse, Zorro is seeking participants ton bear the costs
of its acquisition of oil and gas leases, lease options and seismic acquisition costs
which are covered by Zorro's oil and gas prospects. On past projects, participants
have received back all their capital (plus an agreed on amount above their capital
provided) prior to the drilling of any prospects and are assigned an Overriding
Royalty Interest or Carried Working Interest in the well to be drilled. This capital
leverage allows Zorro to control more prospective acreage under more of its
prospects and create a better bargaining position when selling its prospects to
other oil companies. For more information on specific terms and conditions
included in these Lease or Seismic Banking Programs, click on Contact Us.
PROSPECT BUY-OUTS
Zorro Petroleum Corporation has numerous "ready-to-drill" oil and gas prospects
which it will allow other fully capable oil companies to drill and develop Zorro's
prospects in exchange for a Prospect Origination Fee, Landwork Fees and
Overriding Royalty Interests in such prospects. Only those companies which meet
Zorro's criteria will be allowed to develop its prospects. For more information on the
prospects and specific terms and conditions which are included in these Prospect
Buy-Out Programs, click on Other Drilling Prospects.