Mondial Ventures Inc (MNVN)

[HARVARD LAW]

MNVN (Mondial Ventures)



Contact Info


Address: 6564 Smoke Tree Lane
Scottsdale, Arizona 85253
Phone: [phone]
Email: [e-mail]
Website: www.mondialoilventures.com



Daily Range 0.0026-.0033
52wk Range 0.0013 - 0.60
Volume 708k
Average Vol (3m) 502k

MNVN Security Details
Share Structure
Market Value1 $34,325 a/o May 28, 2014
Shares Outstanding 13,201,872 a/o Apr 09, 2014
Float Not Available
Authorized Shares 1,490,000,000 a/o Mar 18, 2014
Par Value 0.001


Business Description

Mondial Ventures Inc. is a United States based Company, with Oil and Gas operations in the State of Texas. The Company trades on the OTCBB under the symbol, MNVN.

The mandate of the Company is to identify and acquire energy properties with previously discovered known Oil and Gas Reserves that have not been fully produced from or developed and defined. The Company's Objective is to Re-Discover those acquired properties and develop them to their fullest potential.

Our Current Business

We are an independent oil and gas company engaged in the exploration, development and exploitation of crude oil and natural gas properties primarily in the United States. We have focused our activities on projects based in i) the Permian Basin areas of Texas, and ii) surrounding States and regions in the U.S. for activities related to oil and gas production, and related business and other opportunities.

Our business and our ability to acquire mineral rights, targeted rehabilitation projects with upside potential, and participate in drilling activities are due primarily to the relationships we have developed over the years with our operating partners, and key industry advisors. We believe our competitive advantage lies in our ability to locate good potential oil and gas property acquisitions, resource plays, and other business opportunities and interests located primarily in Texas and surrounding States.




On July 31, 2012 the Company acquired the following properties:
J.B Tubb North 40
We have a 37.5% Working Interest and 28.125% corresponding Net Revenue Interest in the North 40 acres of the J.B. Tubb Leasehold Estate/Amoco Crawar field which includes the oil and gas interests, including all related assets, fixtures, equipment, three well heads, three well bores, and pro rata oil & gas revenue and reserves for all depths below the surface to 8500 ft. The field is located in the Permian Basin and the Crawar Field in Ward County, Texas (12 miles west of Monahans & 30 miles west of Odessa in West Texas).

There are three wells on the property in production, one economic and two stripper wells.

J.B Tubb South 40
We have a 37.5% Working Interest and 28.125% corresponding Net Revenue Interest in the Highland Production Company (Crawar) #2 well-bore; with depth of ownership from 3,700 ft. to 3,900 ft. and from 4,700 ft. to 4,900 ft. in the well-bore.
The Highland Production Company (Crawar) #2 well-bore, API No. 42-475-33611, is located on the J.B. Tubb Lease in W ½ of the NW ¼ of Sec. 18, Block B-20, Public School Lands, Ward County, Texas at 1787 FNL and 853 FWL being on the South Forty (40) acres of the J. B. Tubb Lease, Ward County, Texas.

Under the terms of the Participation agreement, we have at minimum the option to provide $1.6 million on a best efforts basis for Capital Expenditures (CAPEX) development fund for drilling an Ellenburger Well on the South 40 acreage to 8,300' foot depth on a turnkey basis with Success Oil as the Operator and Co-Owner, through completion of the well to the tanks. Mondial will receive 37.5 Working Interests and a corresponding 28.125% Net Revenue Interests.
We also have an option to participate on follow drilling of wells on this property under terms outlined in the Company's 8K filings with SEC.
Management is currently in negotiations to acquire additional Oil and Gas assets which will be announced once agreements have been finalized.
The acquired leases and the property to which they relate are identified below:

North 40 acres: J.B. TUBB "18-1", being the W1/2 of the NW1/4 of Section 18, Block B-20, Public School Lands, Ward County, Texas, containing Forty (North 40) acres only.
Well-bore located on South 40 acres: The Highland Production Company (Crawar) #2 well-bore, API No. 42-475-33611, located on the J.B. Tubb Lease in W ½ of the NW ¼ of Sec. 18, Block B-20, Public School Lands, Ward County, Texas at 1787 FNL and 853 FWL being on the South Forty (40) acres of the J. B. Tubb Lease, Ward County, Texas.

The following wells are located on the leases identified, above:
Well No. API No.
Tubb Well #18-1 API 42-475-34136-0000
Crawar Well No.#1 API 42-475-33523
Crawar Well No.#2 API 42-475-33611

RESERVES* Net Oil Net Gas
Bbls MCF
Reserves are classified as:
(PDP) Proved Developed Producing 4,246 7,598
(PDNP) Non Producing 2,814 8,999
(PUD) Undeveloped 108,482 726,898
Total 115,542 743,495

* As per independent Engineering report per revised SEC guidelines effective for the period ended December 31, 2013.
JB Tubb South 40 Work Program and Initial Development Proposed on the JB Tubb Leasehold Estate
The property located in the South 40 acre portion of the JB Tubb Leasehold Estate, Crawar Field consists of multi pay horizon prospects. The Company plans initially are on the South 40 of the JB Tubb Leasehold Estate. There are plans to perform one or more matrix acidizing low pressure stimulation and minimally one work program for performing a high pressure fracing procedure to open up and penetrate further the Devonian rock on Crawar #2 well located in the existing 3,900 foot depth Glorieta formation, respectively. There are additionally three excellent drilling target locations available with virgin (PUD) proved undeveloped reserves all in the South 40. BOI has entered into a Participation Agreement with the option to drill certain or a series of the available Prospect Wells / PUD locations on the South 40.

Target Formation Depth Proved Reserve Available
Ellenburger 8,300' Oil - Gas
Waddell 7,800' Oil - Gas
Wolfcamp 6,300' Oil - Gas

BOI's option activated via its Participation Agreement for the Ellenburger prospect well would hold essentially a resultant Working Interest of 50.0% and a net revenue interest of 37.5% after development back funds are fully first collected by the Company post completion at the rate / amount of 75% Working Interests with corresponding 56.25% Net Revenue Interest. For the Waddell and Wolfcamp prospects the interest participation via its participation-option agreement wherein after the Ellenburger, if the partners have elected to participate, the Company will receive a 50% Working Interest and corresponding 37.5% Net Revenue Interest share flat.

INITIAL DRILLING PLANS: JB Tubb South 40 of the JB Tubb Leasehold Estate
BOI's proposed plans first are to develop the South 40 portion of the oil and gas interests acquired beginning with an Ellenburger location at the target depth of 8,300', which may be followed by potential Waddell and Wolfcamp horizons and prior to additional available development on the North 40 property portion as a Geological and strategic preference. BOI along with its industry partners anticipates drilling a series of wells on the J.B. Tubb Leasehold Estate/Amoco Crawar Field, South 40. Plans are to activate certain rights and option programs initially starting with the Ellenburger formation at 8300'. The proposed Capital Expenditure of $1.6 million dollars for the drilling of the proposed Ellenburger well. Public Records reveal an average production rate of 240+ barrels of oil per day (gross revenue interests) for certain Ellenburger wells on properties adjacent to the South 40 acreage that are currently owned by Chevron, BP and McCulloch Oil Corp. of California.
Jeru Morgan - Operator & Partner (J.B. Tubb Leasehold Estate)
Mr. Morgan has owned and operated an Oil & Gas operating company Success Oil Co., Inc. since 1990. Success Oil Co. was formed in 1990, and is headed by Jeru L. Morgan. Success Oil Co. is an Oil & Gas Operating Company registered with the Rail Road Commission in the State of Texas. The Company has operated 121 wells in Luling, TX, located in Caldwell County. In addition, Success Oil Co. is also a drilling contractor on a turnkey basis.

Success Oil Co. is an innovative organization that acquires leases that have "Proven Undeveloped Reserves" in the State of Texas. By using proven track records in various leases, they are able to acquire new leases & reserves, while minimizing the stakeholders' risks.

Mr. Morgan is intimately familiar with the geology and drilling idiosyncrasies of BOI's target area and has numerous working relationships with area drillers, pumpers, geologists, etc. As a partner Success Oil will be invaluable in terms of special projects, strategic relationships including availability of critical equipment and reliable labor.
Photos

Mondial Ventures Releases Update on Oil Drilling Program for Subsidiary Boomerang Oil
Mondial Ventures Releases Update on Oil Drilling Program for Subsidiary Boomerang Oil
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Pivot Price .0047
Potential Target .04-.10 LONG
Breakout close above .0094
20 Day moving average .0048
50 Day Moving average .0208





Key Points

-Divergence signaled on drop master support
-Uptrend channel confirmed
-Low share structure
-In Sympathy to higher energy costs
-China and Russia sign off on Biggest Energy Deal of the decade
-Watch key pivot .0094 to break previous high
-Breakout above .0094 close higher
-Oil and Gas stock poised for break and recent news May 12,2014

Latest News: Mondial Ventures Releases Update on Its Oil Drilling Program for Majority Owned Subsidiary Boomerang Oil, Inc.
SCOTTSDALE, AZ--(Marketwired - May 12, 2014) - Mondial Ventures Inc. (OTCQB: MNVN) (the "Company") is pleased to release the latest update for its majority owned subsidiary Boomerang Oil, Inc. currently trading on the Canadian Securities Exchange (CSE: BOI).
As previously reported, Boomerang Oil, Inc. (referred as "Boomerang") is an emerging oil and gas exploration, production, and Development Company with concentration in the Permian Basin West Texas. They have recently announced their future drilling plans, which include the first proposed well locations of at least three new locations on the J.B. Tubb Leasehold Estate located in Ward County, Texas.
Boomerang confirms its intention to undertake both a well stimulation program in order to maximize production from its economic well and to drill its first deep well located in the Crawar Field in Ward County. These programs are currently being updated and are expected to commence early this summer. Other current exploration and development plans include a small focused frac to be performed on the Glorieta formation to increase flow from the hard rock formation in order to increase reservoir fluid for production. For future development, Boomerang is first targeting the Ellenburger formation on the Company's J.B. Tubb Leasehold Estate at approximately an 8,300' foot depth with capital expenditures ("CAPEX") requirements now set at approximately USD$1.6 million.
Additionally, Boomerang plans to drill up to three more wells on the South 40 location pursuant to the option contained in the Participation Agreement with Success Oil Co. ("Success Oil"). Boomerang's first objective in respect to the South 40 is to drill the Ellenburger well. According to the Company's consultant geologists, the Ellenburger formation sets along a fault plane increasing viability noted below 6,200' ft. and viable at approximately 8,300' -8,400' ft. The second and third target well locations are located in the Waddel formation at the 7,700'-7,900' ft. depth, and the Wolfcamp formation at approximately 6,200' ft. depth, respectively.
Jeru Morgan, President of Success Oil, the Company's operator and partner, stated, "Both prospect wells are supported by solid well control and are targeting a minimum of 40,000 to 50,000 barrels of oil equivalent (BOE) recoverable per well, net to our interest. Each well could have at least 3-5 potentially productive zones, substantially increasing the likelihood of achieving a commercially producing well."
Dennis Alexander, CEO of Mondial Ventures, stated, "We believe our business plan is mobilized and we are focusing exclusively on financing our fracing, drilling, and development plans. Our goal is to build a dynamicportfolio of oil and natural gas programs that range from seismic-supported exploration projects, drilling locations with proved reserves and fully producing properties. North America continues to show well stimulation dominance and the United States is currently the world's largest well stimulation market, accounting for about 80 percent of the global total. Meanwhile, more wells are drilled in the US than any other nation, and the US oil and gas industry has been quicker to embrace horizontal drilling and hydraulic fracturing technologies than anywhere else in the world. We look forward to the opportunities through our majority owned subsidiary Boomerang Oil, Inc., in order to realize our full potential ahead."