|LA Offset Well Opp.|
This drill program is available in Acadia Parish, Louisiana. In conjunction with the Operator, the plan is to drill an offset well in the Klump B Oil Sands to produce an estimated 120 barrels of oil per day.
- Before it collapsed in the 80’s, a single on the lease well was producing at a rate of 120 barrels of oil per day under different operator. This well is the point for the offset.
- Estimated 850,000 barrels reserves.
- Adjacent lease has produced 350,000 BO from same target structure
- Depth target is 9,700 through 2 sands.
The drill location selected for this well project is located in Acadia Parish, Louisiana within the Iota Dome formation. Prospect "A" sits on a 140 acre lease while prospect "B" resides on a 65 acre lease. With porosity ranging from 23%-26%, the reservoir is bounded by east-west trending faults which intersect to the east forming a pie-shaped fault trap in the area.
For more information about this project please visit: www.petrolucre.com
This is not an offer to buy or sell securities. Oil investment carries very high risks. Please read our full disclaimer before making any decisions. The information provided about projects and opportunities on are based on the best available information but has not be verified by Petro Lucre LLC and is subject to change at anytime. Petro Lucre LLC does not make any warranties about the information provided herein and each respective party much do their own due diligence and verification. The full disclaimer is available here: http://www.petrolucre.com/Disclaimer.html
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