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Hunter Oil Corp. (HOILD)

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Last Post: 9/9/2016 6:41:18 AM - Followers: 22 - Board type: Free - Posts Today: 0

Executive Summary

 

Enhanced Oil Resources Inc. (TSX-V Exchange Symbol EOR.V) is a Houston based oil company that owns, operates and produces oil from 2 legacy oilfield in the Permian Basin of eastern New Mexico. The Company's vision is to become a leading energy producer in the Permian Basin through development of it's oil reserves by utilizing technology improvements such as well down-spacing, fracture stimulation methods and, longer term, through CO2-EOR enhanced oil recovery. The Company's independent engineering consultants have estimated that these 2 legacy oilfields have produced only 55 Million barrels of oil from a total in-place resource of approximately 320 million barrels. By utilizing modern technology improvements including full field CO2-EOR these fields could produce an additional 60 Million barrels of oil and, once developed, could produce in excess of 10,000 barrels of oil per day.

 

Enhanced Oil Resources is a producing an average of 68 barrels of oil per day at the end of Q2 2014. The Company has assembled an asset base of legacy oilfields that have considerable potential for reserves and production growth through redevelopment of these assets by well down-spacing and enhanced oil recovery processes. The Company purchased the oil fields for less than 10 cents a barrel of potentially recoverable oil, initiated and completed a successful CO2 pilot flood, commissioned and received independent reserve reports on the EOR-CO2 oil potential and secured a near term supply of CO2 through a "take-or-pay" gas delivery contract with Kinder Morgan CO2 Company, L.P. With the CO2 contract now in hand Enhanced Oil Resources has put in motion the development of the full CO2 flood that is projected to increase production from current levels to over 2,500 barrels per day within 4 years at Milnesand.

 

Enhanced Oil Resources Inc has initiated the re-development of the Milnesand field in preparation for CO2 injection that is scheduled to begin no later than August 2015. The re-development includes up to 64 producers and 89 injectors. The re-development plan begins by decreasing well spacing from 40 acre spacing to 20 acres spacing to increase reserves and production not previously accessed by the broader well density. The systematic program would consistently increase daily production up to the injection phase and then increase it once again once injection starts.  Estimated production over the initial infill development program is:

 

CO2 Injection starts during the 4th Quarter of 2015 with peak CO2-EOR oil production increasing by an additional 2,500 BOPD in Year 4 of the CO2 flood at Milnesand and an additional 7,500 at Chaveroo.

 

 

Enhanced Oil Resources Inc. Asset Base

 

Permian Basin - Oil - Eastern New Mexico

1. Milnesand- San Andres - Roosevelt County, NM - 6,000 Acres

    Discovered in 1956. 93 mmbo in place.  Recovered 11 mm bbl oil (mmbo) to date  

    Proved: 2.0 mmbo;     Probable: 4 mmbo;     Possible: 8 mmbo for 3,000 acre project

    Total field potential under full field CO2 flood: 14 mmbo

 
 

2. Chaveroo- San Andres - Chavez County, NM - 28,000 Acres

     Discovered in 1952. 180 mmbo in place.  Recovered 23 mmbo to date  

     Total field potential under full field CO2 flood: 34 mmbo

 

 

Current Focus: Increase oil production through infill drilling of San Andres Reservoirs

Milnesand and Chaveroo Potential for 250 20 - Acre infill wells

Capex per well - $500,000

Initial Production - 40 bopd

Cumulative production - 38,000 barrels oil per well

IRR 60%

Peak Production under infill drilling - 5,500 bopd

 

Recent Operational and Corporate Highlights

Executed a 5 Year CO2 supply agreement with Kinder Morgan CO2 Company, L.P.

Increased YE 2009 Proven & Probable oil reserves by 1300% to 4.5 mmbo

Increased oil production in 2010 by over 300 %

Generated positive cash flow for 4th Q 2009 and 1st Q 2010  

 

Contact Information:

www.youtube.com/watch

www.facebook.com/topic.php

http://174.121.85.154/~enhanced/presentations/EORCorppres041512_IPAA_NY.pdf

 

 

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#10177   You can change the name but a pile ErnieBilco 09/09/16 06:41:18 AM
#10176   HOILF one for 10 reverse split: Renee 09/08/16 04:55:50 PM
#10175   Enhanced Oil Resources, Inc., EORIF, changed to Hunter Renee 08/15/16 05:53:11 PM
#10174   agree. EOR stop paying for its promotions sometime R2R 04/19/16 12:35:30 PM
#10172   latest report is for 2014? WTF? where is 2015? R2R 04/14/16 01:47:33 PM
#10171   average volume 2000 LOL thats $20 dollar a R2R 04/14/16 01:44:49 PM
#10170   what happened to CO2 flood and kinder morgan R2R 04/14/16 01:43:25 PM
#10169   So how's that pipeline coming along? boomer23 02/21/16 08:26:46 PM
#10168   September 30, 2015, $6.5 MILLION IN CASH SeaOhToo 11/29/15 11:57:04 AM
#10167   Gotta wonder what this new management had in boomer23 11/02/15 09:04:11 PM
#10166   promotion failed big time. from 2.50 to turd R2R 10/31/15 11:29:14 PM
#10165   Add this to the loser list, ANOTHER DUD. R2R 10/28/15 11:02:37 PM
#10163   they had to change management. paying for stupid R2R 10/22/15 02:30:55 PM
#10162   once again -43.71% R2R 10/22/15 02:30:03 PM
#10161   did you know that EOR can authorize UNLIMITED R2R 10/22/15 02:00:05 AM
#10160   Not sure what they were ever paying for boomer23 10/21/15 10:19:50 PM
#10159   WOW .0084 -43.71% R2R 10/21/15 02:04:24 PM
#10158   Did it make any sense to change management? boomer23 10/14/15 10:17:04 PM
#10157   I agree they don't need it. There's no boomer23 09/30/15 10:57:26 PM
#10155   That's because they don't need it! SeaOhToo 09/29/15 12:23:07 AM
#10154   Funny how this management announced a $5.5mm capital boomer23 09/28/15 09:32:05 PM
#10153   $7M in cash from selling unlimited authorized stock Joeyohso 09/10/15 10:19:43 PM
#10151   EOR = END OF RETURN Joeyohso 09/04/15 03:11:08 PM
#10150   Over $7.1 Million in cash, $48 million in SeaOhToo 09/04/15 12:25:57 PM
#10149   nothing new here i guess. EORIF still Scammin? Haiku 09/04/15 12:00:01 PM
#10146   It will be absolutely hilarious to see how boomer23 08/25/15 08:04:41 PM
#10145   Sounds plausible boomer. In jail or on the run.... skibum2k 08/18/15 09:21:12 PM
#10144   Maybe the previous management is in "jail" like boomer23 08/18/15 08:44:40 PM
#10143   They ABSOLUTELY got screwed over geopressure. It happened boomer23 08/03/15 09:25:53 PM
#10142   Yeah, Looks like shareholders got royally screwed here... geopressure 08/02/15 04:11:49 AM
#10140   As predicted the latest financials now show…"As of boomer23 07/03/15 03:50:48 PM
#10139   The lesson learned is NEVER trust self serving boomer23 07/03/15 03:39:04 PM
#10138   Well hopefully people have learned and put this skibum2k 07/01/15 11:28:24 PM
#10137   Still dormant and away from the the reaches boomer23 07/01/15 10:05:56 PM
#10135   Quite a few people have been spared the boomer23 06/13/15 11:38:54 AM
#10134   The promoting of EOR has halted. It failed boomer23 06/13/15 10:51:58 AM
#10133   EORIF HALTED??? 0 volume for months! OGSPECULATOR 06/12/15 06:05:20 PM
#10132   A sad situation for sure boomer. skibum2k 06/11/15 01:25:53 PM
#10130   Looks like it finally died it's inevitable death….as boomer23 06/10/15 09:34:44 PM
#10129   Yep skibum….the elephant in the EORIF room. Nobody boomer23 05/29/15 12:58:28 AM
#10128   Wow that was an eye opening post on skibum2k 05/27/15 09:42:51 PM
#10127   It's the elephant in the room nobody talks boomer23 05/27/15 03:58:33 PM
#10126   "Total non-current financial liabilities $24,972,000" skibum2k 05/27/15 02:54:15 PM
#10125   Asset retirement obligations - The Company estimates and boomer23 05/27/15 01:51:22 PM
#10124   Effective March 1, 2010, a subsidiary of the SeaOhToo 05/27/15 09:07:15 AM
#10123   The Company completed a Milnesand field CO2 implementation SeaOhToo 05/27/15 09:06:15 AM
#10122   Enhanced Oil Resources Inc. owns and operates two SeaOhToo 05/27/15 09:05:55 AM
#10121   HUMMM. More misleading information. The AUDITED FINANCIALS SeaOhToo 05/26/15 11:24:27 PM
#10120   WRONG!! You left out the $26mm in asset boomer23 05/26/15 08:58:52 PM
#10119   WRONG! THE AUDITED FINANCIALS REPORTED $9.6 SeaOhToo 05/26/15 07:59:30 PM
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