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      LARTO LAKE#2 - RE-ENTRY PROJECT - 3 OIL WELLS

      "Here are some pictures from the Larto Lake field, that we are bringing back into production."

      LARTO LAKE#2 – RE-ENTRY PROJECT – 3 OIL WELLS - ALL WITH PREVIOUS ACTIVE PRODUCTION.
      Price per percent ownership - Working Interest $8900.- (All 3 oil wells)
      N.R.I. Net Revenue Interest: 0.70% per percent / in each well.
      All of these wells are situated in Catahoula County/Parish in Louisiana.
      These wells were initially drilled in 1987 and were last in active production in 2017 under the previous owner. As the wells have not been consistently renovated and maintained, production has been steadily declining. However, we believe that there are still substantial reserves remaining. Our plan is to renovate all infrastructure, including pipes, tubing, tanks, separators, and pumps, to bring the wells back into production with a maximum yield of 8-12 barrels per well, resulting in a total daily production of 24-36 barrels.
      MISSIANA#1 WELL – Serial no. 206727
      Formation: WILCOX
      Depth: 6100 feet
      Sands: WX G RA
      UPPER PERF: 5877
      LOWER PERF: 5882
      MISSIANA#2 WELL – Serial no. 229444
      Formation: SPARTA
      Depth: 3250 feet
      Sands: SPARTA
      UPPER PERF: 3115
      LOWER PERF: 3118
      MISSIANA#4 WELL – Serial no. 205475
      Formation: SPARTA & WILCOX MINTER
      Depth: 3250 feet
      Sands: SPARTA (1998) & WILCOX MINTER (1987)
      UPPER PERF: 3118
      LOWER PERF: 3123
      All this data is available at the Louisiana Department of Energy and Natural Resources. You can access it via the following link, where our operator LLANADA OPERATING LLC & partner is properly registered for each well: https://sonlite.dnr.state.la.us/ords/f?p=108:2700:106106477421708::NO:2700

      The video above was taken when we did the first 15 min test on the Missiana#15 well, which is part of the recently completed sister project Larto & Forster#1, which is sold out


      Economy: Estimated crude oil prices range from $70 to $90 per barrel. The break-even point is $35.00 per barrel. Click on each economic sheet to view it in a larger window. Our financial calculations are based on a 5-year period, but this does not imply that the wells cannot produce for a longer period. We anticipate a production lifespan of 10 to 15 years.

      Illustration

      $70,00

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      $75,00

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      $80,00

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      $85,00

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      $90,00

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      $35,00 - Break-even point

      Financial summary of this project:
      We have developed 6 different scenarios based on the first 3 wells to be put into production: "MISSIANA#1, MISSIANA#2, and MISSIANA#4." The total expected daily production is 25 barrels per day, which also forms the basis of the economics.
      At an oil price of $80.00 per barrel, the payback time will be approximately 17-20 months. This includes the first 12 months' LOE's (2024) and depreciation of the original investment sum over 7 years starting in (2024).
      We expect an average of 8-9 barrels per well to be added to production. As we connect more wells, the return will increase as we achieve higher daily production, "If you decide to increase the number of wells beyond the 3 in this project"
      It is important to note that YOU have the option to participate in up to 10 - 12 workover wells (re-entry) in the same lease/field with the same potential, so the development opportunities are substantial.
      Highlights!
      - Net Revenue Interest: 0.70% per 1.00% working interest in each well- 1.00 % Working Interest in all wells ($8900)- Investor participates in all 3 oil wells- The calculated economics are based on production from the first 3 wells, totaling 25 barrels per day- The right of first refusal to participate in the other 10-12 wells to be developed- Our operator, LLANADA OPERATING LLC, co-owns all the wells we do and is ready to start work as soon as the funds are in place- Estimated reserves: 750,000 - 1 million Bbl/oil- The field are known for the longevity of the wells, many of which have produced for more than 60 years and are still economical to operate.- Read a copy of the assignment you will have to sign in order to participate click here- The total project costs include the following: project development, consulting, current and future equipment needed to get the wells back online, and access to extract the potential reserves from our wells.

      Distribution of ownership in this project:
      The operator: 15.00%EnerGyne Resources Multi Well 1 Inc: 45.00%Other investors: 40.00%

      Note: When we make financial calculations for a project, we always factor in the things we know need to be done, but as with technical equipment, unforeseen things can happen. Therefore, we cannot always know 100 percent how things will develop, even if we do our best to consider everything we know about and a little extra.
      Fortunately, workovers on these wells are not very expensive, which is also why we can offer ownership at such a favorable price in this project.

      Thank you, EnerGyne Resources

      Other useful information:

      • Visit the Department of Natural Resources - Louisiana Click here


      • Oil and Gas Terminology Click here


      • What is working interest oil and gas contract? Click here