An oil opportunity has become available including 15 acres of a lease for $105,000. This would equate to 1.1719% of interest in all of the wells drilled. Our share of the costs of the first four wells would be approximately $340,000. The total cost of the lease and the first four wells would be approximately $445,000.
Four wells are set to be drilled year one and the following estimations provide a possible return on investment for $50/barrel oil WTI (average) which equals $45/barrel oil ND Crude.