Description of Properties
The following are the primary properties held by the Company as of September 30, 2010:
Key Developed Properties
Rooke #1 well: The Company owns a 9.5% working interest in 1 well located in Refugio County Texas which began production in September 2009. During the third quarter of 2010, well production averaged approximately 525 Mcf per day and 15 Bbls per day.
Chapman No. 75-1 well: The Company owns an 8% working interest in 1 well located in Nueces County, Texas which began production in October 2009. During the third quarter of 2010, this well produced about 271 Mcf per day.
Garcitas #1 well: The Company owns a 9.5% working interest in 1 well located in Jackson & Victoria County, Texas. The well has been drilled and was completed during the first quarter of 2010. Production began during the third quarter of 2010 and produced approximately 13 Bbls per day.
Rooke B-1 well: The Company owns a 9.5% working interest in 1 well located in Refugio County, Texas. The well has been drilled and was completed in early 2010. It started producing in early February 2010 and during the third quarter produced about 546 Mcf per day and about 10 Bbls of oil per day.
Rooke #2 well: The Company owns a 9.5% working interest in 1 well located in Refugio County Texas. This well was completed during the first quarter of 2010 and production began to stabilize in mid April. During the third quarter of 2010, the well produced approximately 322 Mcf per day and 41 Bbls of oil per day.
This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My track record is real time @TurnKeyOil
