EXECUTIVE SUMMARY
WEST BRANDON 3-D
SHALLOW OIL PROJECT
PROSPECT HIGHLIGHTS:
The OIL PROJECT is a multi-well shallow oil drilling program consisting of an oil test well identified by close order well
control and 2-D seismic in highly productive oil sands. The Jackson/Pettus Oil Sand Trend is characterized by strong
shallow (less than 5000 feet) oil and gas production and wells which initially flow at 150 barrels of oil per day. The program
seeks to capitalize on higher oil prices and lower drilling and lease costs while utilizing close-in well control in a highly oil-
productive area to identify overlooked highly commercial oil reservoirs.
PROSPECT LOCATION:
The identified prospects are located in Northeast Duval County, Texas and are structural look-a-likes to other nearby
productive oil fields in these shallow horizons.
STRUCTURE OF THE PROSPECT AREA:
The known oil producing fields (fault blocks) trap on high-side closure against a 50 to 150 foot faults in blanket sands.
TRADE TERMS:
MULTIWELL PROGRAM:
Proposed Location 1 – Shallow Pettus step-out test well (4500 ft)
Potential Reserves (est.): 120,000 bbls oil (Pettus oil zone); 250,000 to 600,000 bbls oil from development wells
Number of Wells: 1 structural test wells with 3-5 potential development wells
Working Interest Available: 100% (0% BIAPO to Seller)
Operator: Open at time of posting (To be determined by largest WI Buyer)
Total Seismic Purchase: None required (two locations are offsets to wells which faulted-out oil pays)
Total Leasehold: 400 acres
Net Revenue Interest: 75%NRI on 100% Working Interest.
Costs:
Land, Geology & Geophysics: $35,000 for all proposed wells (to be paid upon execution of Participation Agreement)
*SELLER may consider alternative offers on 100% WI. Subject to prior sale.