oil & gas assets

drilling venture or prospectOSAGE CO., OK PROJECT

Drilling Prospect or Project For Sale Through PLS Exploration Advisory Arm
All Standard Disclaimers Apply & Seller Rights Retained


OSAGE CO., OK PROJECT
OSAGE CO., OK PROJECT
8,640-Acre Prospect With 3-D Seismic .
MISSISSIPPIAN CHAT VERTICAL PLAY
SHALLOW DEPTH. 2,400 Ft
Seller Has Detailed Project Development
3D Seismic Data Available.
100% OPERATED WI & ~81.25% NRI
Historic Production From Mississippian &
Pennsylvanian Reservoirs
3 Year Leases.
Low Cost Drill & Complete: $340,000/Well
DV 3440
Sale Points
Summary
The Seller is offering an OSAGE Oco., Prospect For Sale.

BACKGROUND
- 4Q 2013 – Seismic concession with Osage Tribal Council on 37 K acres
- 2014 - 2016 – 3D seismic (acquisition, processing, & interpretation)
- 2017 – Lease nominations: 8.6 K acres @ $50/acre

DESCRIPTION ASSET
- Vertical Play
- Mississippian Chat is the primary zone of interest (depth ~2,400’ TVD)

DEVELOPMENT PLAN
- 40 locations already identified
- Type Curve (P50 Case)
- EUR ~ 38.4 mboe / well (IP 20 boepd)
- D&C + Facilities Capex ~ $0.340 MM dls/well
- OPEX ~ Fixed $1,700 /well/month
- Transportation $1/bbl & Water handling $0.28/bbl

SINGLE WELL ECONOMICS (P50 Case)
23rd December Nymex Strip
- PV10 ~ $400,800
- Payout ~ 1.5 years
- IRR ~ 51%

TO LEARN MORE
PLS Energy Advisors Group
Mr. Chris Bennett
A&D Advisor
One Riverway Ste 2500
Houston, TX 77056
USA
Phone: 713-650-1212 and Fax: Direct: 214-293-0023 Cell: 214-293-0023
Email: cbennett@plsenergyadvisors.com
Questions Regarding This Asset? Email Chris Bennett or call PLS at 972-348-5536

Public Data (No C.A. Required)
folder1.Summary & Introductory Materials
Teaser
---Quick Teaser For Project

Questions Regarding This Asset?
Email: Chris Bennett
Call: 972-348-5536



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