Mesa Resources, LLC has committed to 50% of a 5 Well drilling program located just outside Santa Anna, Texas.
The project is in a oil field originally developed by Texaco. Originally the Railroad Commission of Texas had the well spacing on 20 acres. However, they recently changed the spacing to 10 acres because 20 acres wasn’t adequately draining the formation.
This project was developed by a friend and previous partner. He is the Geologist who did all the research for a continued development program utilizing the latest technology. As a result he discovered a lower section of the Marble Falls formation that’s virgin and has not been produced in this area. It appears these new drilled wells will be very prolific in both oil and gas production.
Last years end, I raised $1,500,000.00 US for the first 5 wells drilled on the Sheridan lease from one investor in California. He invested as part of his year end tax planning. He wants to reinvest based on the initial success of these wells but can’t till this years end. In the meantime we have a direct offset to these successful wells we will be drilling on the adjoining Throckmorton lease.
We will be raising $1,312,500.00 US for 50% of 5 wells drilled, tested and completed to 3,000’ each. The $1,312,500.00 US divided by 10 units equals $131,250.00 US per unit which represents a 5% WI (Working Interest) and a 3.75% NRI (Net Revenue Interest) in each of 5 new drilled, tested and completed wells directly offsetting the Sheridan wells that are making commercial oil and gas.
The economics are very good at $65.00 US oil prices. However, as of this writing, Oil is currently trading at $74.15 US. Assuming the same success as the offset wells, these wells could payout the original investment in 4-12 months. In addition to a significant return potential, an investor can write off approximately 85% of the entire investment for this years taxes.
So, I’m looking for one or more investors to buy one or up to 10 units in the Throckmorton 5 Well Project located in Coleman County, TX. This is a drill ready project. The other 50% is already committed. Just waiting on me to fund. We are wanting to commence operations in the next two weeks. So time is of the essence.
We are seeking high net worth individuals that recognize a great investment opportunity with the potential of good returns plus favorable income tax advantages.
Please email or call for more information. Nick (817)-333-9898