GREY:SKNAF - Post by User
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hammy1212on Nov 01, 2013 3:09pm
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Post# 21869494
Fall Dealmakers Expo Nov.5/13 Denver
Fall Dealmakers Expo Nov.5/13 Denver
NORTHWEST MONTANA OIL PROSPECT
Drilling Prospect or Project For Sale Through PLS Exploration Advisory Arm
All Standard Disclaimers Apply & Seller Rights Retained
NORTHWEST MONTANA OIL PROSPECT
6,242-Gross & 5,069-Net Acres on Trend.
PONDERA & TETON COUNTIES
SOUTH DOME OF SWEETGRASS ARCH
Sun River Dolomite. ~2,000 Ft.
Good Horizontal Well Potential.
>200 Drilling Locations Identified.
Structure and Isopach Maps Available
~82% OPERATED WI; ~65% NRI
Offsets Pondera Field Prod: 500 BOPD
Adjoining Operators Will Farmout or Join
Net Proved PV10 Reserves: $12,361,000
Extensive Gathering & Transport
-- Infrastructure in the Area.
~3 to 4 Years Remaining on Lease Term
Vertical Well Completion Cost: $325,000
COME SEE US AT BOOTH 107 & 108
DV 2170L
Sale Points
PLS, in conjunction with American Energy Advisors, has been retained by MENA Hydrocarbons to market this Northwest Montana Oil Prospect. The project (Lewis & Clark Project) is located in Pondera & Teton counties on the south dome of the Sweetgrass Arch. The position consists of 6,242-Gross and 5,069-Net acres targeting shallow Mississippian age oil; it is also centered on and adjacent to the existing Pondera Field.
Between third party engineering and geologic mapping done by Gustavson, this acreage position is an extension of offset existing producing fields, proving up the seller's position. Structural highs were identified (labeled with letters on the location maps in the data room) and data was gathered on the existing wells producing from these fields, which in turn was utilized to identify proved and probable undeveloped position within the seller's prospect area.
The package offers the opportunity for a buyer to immediately drill proved vertical locations identified through the analysis. Results similar to the offset wells and projections in the PHDWin data base (available in the data room) can be expected. Further upside lies in future horizontal drilling within the prospect area.
Pondera Field
- Target zones are heterogeneous porous dolomite reserviors
- Structural stratigraphic traps at drilling depths of approx 2,000 ft
- Field produces oil from the Mississippian age Sun River Dolomite (Madison)
- Field has produced over 26.7 MMBbls from 547 wells
- Wells in field spaced on 10 acres
- Field is currently producing 16,159 Bbls from 268 active wells
- Acreage Position
The Lewis & Clark Project consists of 55 leases totaling 6,241.59 gross and 5,059.09 net acres. The average working interest is 81.21% WI and a 65% NRI. The leases have ~3 to 4 years term remaining on them and additional new leases have been identified and can be acquired. 214 drilling locations have been identified within the prospect area.
See the data room for additional information including a 2012 3rd Party Reserve Report, maps, geologic data and offset activity info.
TO LEARN MORE
PLS Inc
Mr. Rob Via
Director - Rocky Mountains
AGENT FOR--- PRIVATE SELLER
216 16th St Ste 1600
Denver, CO 80202
Phone: 303-542-2011
Cell: 303-324-7576
Email: rvia@plsx.com
Questions Regarding This Asset?EmailRob Via or call PLS at 713-650-1212
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