CGrowth Capital Inc (CGRA)

[$theDDmessiah]

One of Stallion Project/ Paul Williams with $CGRA

Frio River Oil, LLC (FRO) is a special purpose entity organized to acquire and develop low risk, conventional oil projects in Texas.
FRO has 2,218 acres under lease in Frio County, Texas. The target is the shallow Olmos formation with proven oil in place. Petrophysical evaluation by Texas American several years ago estimated that in the area of our leases will have original oil in place (STOOIP) of 16-25 million barrels of oil per section. At a 20% recovery (historical average), a 640-ac section in the area of our leases would ultimately recover 3 to 5 million barrels oil per 640 acre section.
All of Frio River’s acreage was selected after critical evaluation and mapping was completed.  The leases are located in the middle of a productive oil producing area and have been thoroughly vetted and highly recommended by our technical team.
The 2,218 acres of conventional leasehold is now drill ready.