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Investment Opportunities

Current Opportunities

Take a look at our Active Projects and Opportunities. For More Details, Pricing, Geological Write-Ups and Information, Contact Our Team.

CH12 Prospect, Gillis English Bayou Field, Calcasieu Parish, Louisiana

Development Well, New Drill, Land Location

OBJECTIVE:

CIB HAZ 12 Sand (9,600 Feet MD; 8,796 Feet TVD), Non-Pressured.

ESTIMATED RATE:

150 BOPD; 300 MCFGPD

TIMING:

Q3, 2024

RESERVES:

332,580 BO; 780 MMCFG

PROJECT OPERATOR:

Shelf Energy, LLC

AFE Costs:

Drilling: $1,601,600

Completion *$954,725*
$2,556,325*

Land, Lease, Title: $90,000

Seismic $80,000

Prospect Fee $120,000
*$2,846,325*

DEAL TERMS

10% Carry through Completion and Facility Hook Ups
(Production); 15% Back-In after Payout. Additional Development Drilling will be performed on a Heads Up Basis.

Payout to Investors:

  • 12.6 Months: (57,322 BO)
  • Profit to Risk: 7 to 1
  • Return on Investment: 5 to 1

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The “Bubba Bear” Prospect, Jeanerette Field (Jeanerette Salt Dome), St Mary Parish, Louisiana-1
The “Bubba Bear” Prospect, Jeanerette Field (Jeanerette Salt Dome), St Mary Parish, Louisiana-2

The “Bubba Bear” Prospect, Jeanerette Field (Jeanerette Salt Dome), St Mary Parish, Louisiana

Sold 50% W.I.
Available 50% W.I.

The proposed 2800’ well will recover oil reserves higher on structure above a 1954 vintage well completion in the center of prolific Jeanerette Field (Cum 45 MMBO + 450 BCF).  That completion produced ~48 MBO from 30’ of oil on water within a 50’ clean sand.  Inhouse 3D seismic data shot forty years later displays a prominent seismic amplitude anomaly updip to the depleted oil completion, and indicates 140,000 barrels of oil remaining undrained.

OBJECTIVE

2700’ Sand

TIMING

Q3/2024

ESTIMATED RATE

75 BOPD

PROJECT OPERATOR

Shelf Energy LLC

AFE Costs

Drilling Cost: $580,250

Prospecting Fee $120,000

Total Dry Hole Costs: $700,250

Completion Costs: $459,400

Total Drill and Complete Costs: $1,159,650

1% - Dry Hole Costs: $7,002.50

1% Completion Costs: $4,594

1% Total Drill and Complete: $11,596.50

ADDITIONAL DETAILS

Well Depth - 2,800’ MD/TVD
Trap – Stratigraphic
Surface Terrain – Abandoned sugar cane field
Road access – Yes
SWD Well – Multiple options

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