|
|
 |
- Producing formation-
Taylor Sand (5,400 feet)
Austin Chalk (9,000 feet)
- Have amassed interests in 74 wells
- Consolidated interest have reduced costs, extended economic lives
- Currently examining horizontal drilling opportunities
|
|
|
Total Cost: |
$903,000 |
| Cash Flow: |
$1,500,000 |
| Future Cash Flows: |
$1,000,000 |
| Total Cash Flows: |
$2,500,000 |
|
|
| Payout Multiple: |
2.8 |
|
