LARTO LAKE#3 - RE-ENTRY WELLS - FUNDING OPEN!

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Status: Shut-in.
State: On Request
County/Parish: On Request
Price per 1.00 % Working Interest: $12.500.- Well Type: 5 oil wells + 1 SWD
Net Revenue Interest: 0.70 % per percent
Summary:
Our immediate priority is to upgrade essential infrastructure, including pipes, flowlines, pumping units, and more. We have already made significant progress on this front and are pleased to report that we are now in active production from our initial project, which involves three wells. We are currently seeking capital to advance work on the next five wells.
Based on historical data from previous operators and geological studies, we estimate our field contains between 750,000 and 1,000,000 barrels of recoverable reserves. We are confident that we can unlock this potential by reactivating existing wells and exploring new drilling opportunities down the line.
We are offering a 45.00% working interest for sale, with a Net Revenue Interest (N.R.I.) of 0.70% per percentage point. We plan to commence work in the upcoming year, aiming for active production durring the 2nd quarter of 2026.
This is an exceptional chance for those looking to either expand their investments or enter the oil industry for the first time. You will partner with a dedicated, experienced team. Importantly, every team member, including our operator, holds a 15% working interest in all wells, which aligns our interests and commitment to maximizing production and revenue.
Thank you for considering this promising opportunity. We look forward to the possibility of working together.
Thank you for your interest and support.

J&M#7 WELL (J&M#1)
STATUS: PRODUCING

MORESI#1 WELL
STATUS: PRODUCING

HAYES#2 WELL
STATUS: PRODUCING

BERGERON#1 WELL
STATUS: PRODUCING

MORESI#4 WELL
STATUS: P&A

CHERAMIE#2 WELL
STATUS: BEING P&A