2.0 Acre ML6 Canadian CANADIAN COUNTY, OK, 06-14N-9W & 07-14N-9W

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Presentation transcript:

2.0 Acre ML6 Canadian CANADIAN COUNTY, OK, 06-14N-9W & 07-14N-9W 1280 GROSS ACRES, 2.0 NET MINERAL ACRES 1/8 ROYALTY INTEREST Institutional Mineral Properties for Individual Investors!

Overview Property Details Net Mineral Acres: 2.0 Gross Acres: ~1280.00 Of the 7.7 Acres Gross Acres: ~1280.00 Lease Royalty: 1/8 (12.5%) Section Interest: ~0.019531% Operator: Devon Energy Canadian County 06-14N-9W & 07-14N-9W PRODUCING WELLS: 1 ALIG 18-07-14-9 IP: 910 BOE ( ~1 Mile Lateral) NEW WELLS: 7 Permits Approved on 9/7-17/2018 All new wells have ~2 Mile Laterals ML 6_7-14N-9W 4HX (WOODFORD) Spud 9/16/18 ML 6_7-14N-9W 5HX (MISSISSIPPIAN) Spud 10/31/18 ML 6_7-14N-9W 6HX (WOODFORD) Spud 10/17/18 ML 6_7-14N-9W 7HX (MISSISSIPPIAN) Spud 9/21/18 ML 6_7-14N-9W 9HX (WOODFORD) Spud 11/22/18 ML 6_7-14N-9W 10HX (MISSISSIPPIAN) Spud 10/17/18 ML 6_7-14N-9W 11HX (WOODFORD) Spud 11/15/18 Revenue expected to begin on 7 new wells in Sept-Oct ‘19 High Density Drilling: Increased Density Approval for 9 wells filed 8/14/2018

Mineral Property Benefits Map of Fields, County & Unit Forced Pooling – All mineral owners receive their share of all the oil and gas revenue produced from their unit. Mineral Property Benefits Paid First Before WI & ORRI No liabilities for operations No Expenses for; Drilling, Completing, Operating or Reworking Depletion allowance 15% Tax Free Income Income Producing Property Active Market ~1280 Acre Producing Unit Canadian County Producing Wells New Producing Wells The maps are for illustration purposes. The maps are for illustration purposes.

Increased Density Application Approved August 14, 2018

PERMITS

Spud Date