Thursday, May 01, 2014 1:21:04 PM
the acquisition of low risk, high yield oil and gas objectives, at a very low cost basis. The
Company has presented a plan for capitalization to accelerate its acquisition program and
fund its prospect generation activities. Beginning in the First Quarter 2014, the Company
will present its RVDO 2014-1 Program (“Program”) to be capitalized for a total funding of
Five Hundred Thousand Dollars ($500,000). The Company will offer 1,250,000 shares of
stock to result in the total funding. The Company will be offering 200 units in the Program
at $2,500 per unit. Each unit of participation will receive 5,000 shares of RVDO stock
(1,000,000 shares at 100% funding). The remaining 250,000 shares will be distributed to
marketing and management as compensation for their services in the Program.
The Company will receive 25% of the net revenue distributed from the Program. It is
anticipated that the Program will participate in 5 or more drilling participation, interest
acquisition, and production interest acquisition. The initiative for the RVDO 2014-1
Program resulted from a test case, where the Company purchased a 1.667% carried
working interest, 1.25% net revenue interest in the Lampley #1R well for $10,000, to be
drilled during 2012. The first production revenue was in August, 2012. During the last 5
month period of 2012, the Company received distributions totaling $2,235.79. Despite the
low revenue, based on its ownership interest and cost of interest, the Company posted a
22.4% return on investment during that 5 month period, with an annualized projected
return of 53.7%. It is anticipated that the Program will allow for larger interest ownership
in individual prospects and projects.
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