Subject: Fwd: nothing fancy |
From: Barrett Brown <barriticus@gmail.com> |
Date: 10/12/10, 16:59 |
To: william@ExcellereCG.com |
---------- Forwarded message ----------
From:
Barrett Brown <barriticus@gmail.com>
Date: Tue, Oct 12, 2010 at 3:37 PM
Subject: nothing fancy
To:
legna082004@yahoo.com
SK Oil and Gas/Excellere Capital Group
Oil & Gas Project Executive Summary
This document provides overviews of three oil and gas investment opportunities selected for development after the completion of several years of research and preparation. These are South Tigre Lagoon, New Waverly, and the Barnett Shale, each of which promises unusually attractive rates of return as determined by several methods of investigation.
Project Summaries
South Tigre Lagoon
Located in the northern Vermilion Bay area of Louisians Iberia Parish, the South Tigre Lagoon Field lies above a significant underdeveloped salt dome which has recently been confirmed by the deployment of 3D seismographic surveys, a technique that was unavailable until just a few years ago. Many of the wells planned for the 549 acre lease will qualify for a state tax incentive program which eliminate severance taxes on those drilled deeper than 15,000 feet. Reserve estimates suggest a level of production which should exceed three billion dollars in gross revenue based on current prices.
Capital Investment Requirements
*Phase One: 3 month deployment $30 million
*Phase Two: 3 to 18 month deployment $90 million
*Total: $120 million
Barnett Shale
The Barnett Shale has become one of the better-known oil and gas plays in Texas and the surrounding region in large part due to the previously inaccessible reserves that can now be exploited with new techniques such as water fracking. The project site selected in this case offers relatively even distribution of oil and gas prospects over 6,798 its acres, with none of the existing 13 producing wells comprising more than 12 percent of total current production.
Capital Investment Requirements
*Acquisition $5 million
*Drilling costs $11million
*Total : $18 million
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Regards,
Barrett Brown
512-560-2302