Prospects offer investors the opportunity to buy into a potential revenue stream.
The Alice in Wonderland Frio Graben and Yegua Anticline Prospect
1. County: Jim Wells, Texas
2. Offset Field Production and Market Value at today’s price:
Alice Field, 0.5 mile away – 6 M.M.B.O. & 21.7 BCFG – $570 Million
Alice Deep Field, 1 mile away – 141,202 B.C. & 7.9 BCFG – $42.2 Million (Yegua Production only)
West Ben Bolt Field, 3 miles away – 933,261 B.C. & 36.6 BCFG– $212 Million (Yegua T/C: $137 Million)
Ben Bolt Field, 1.5 miles away – 9.6 M.M.B.O. & 137 BCFG – $1 Billion
3. Lease: 443 acres, Currently held by production
4. Depth: 8500’ TD with potential to test 3 main Yegua geopressured gas reservoirs
5. Formation: Vicksburg and Yegua
6. 11 Potential Targets ranging from 5500’-8500’
main zone IP’d 6MM gas and 50 BCPD
7. Water Driven and Pressure depletion Reservoirs with clean permeable sands
5500’-8500’ 24% porosity average
8. Type of Trap: Frio Structural Fault Related, Yegua Anticlinal Closure
9. Supported by Subsurface Geology
10. Estimated Number of Wells: 8
11. Currently have a Energy Transfer tap we are producing into
12. Potential Reserves: 420,000 B.C. & 33 BCFG
*This prospect is subject to prior sale without notice and can be withdrawn at any time.
If you are interested please email jay@tjmcgovern.com or ausmexexploration@gmail.com.