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Our latest project is the HAYES # 2 & BERGERON # 1-PROJECT, which are wells with established production zones. at this time one is shut-in (HAYES # 2) we need to switch production tubing. This is planned for Q2 – 2017 and then the well will be back on production from its current zone (est. 15 barrels per day). There are two other zones in the well with proven reserves, since these were tested, when we drilled the well in 2014.
BERGERON#1 well has a daily production of 12-14 barrels of crude oil and a very small annual decline in. In addition to the active production zone, this well has 5 zones that have not yet been produced, all of them have been tested and contain crude oil, the well was drilled in 2011.
So we are dealing with two great oil wells, both of which have a good history behind them and lots of potential for future production.
- Expected return is 18.73% per year, over the first 5 years
- Minimum investment 0.50 % ($ 6,125.00) w.i. to participate
- NRI of 70% (percentage of operating revenue of the project)
- There is currently a only 10% Working Interest for sale in this project
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