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      Mads Andersen went on a field visit to Louisiana at the beginning of October 2023, To review potential well acquisitions in the area, including their prerequisites and opportunities for development.

      "Why do we do what we do?"
      The well you see is a typical candidate for work-over wells (Re-Entry), which are wells that have not been maintained for a few years and are no longer in production. The reasons for this can be many, often including mechanical problems such as a faulty motor, leaking production pipe, or a faulty pump unit down the well. The current owner may not want to spend money on the well or may lack the capital to do the necessary work. It could also be that the current owner is only interested in wells with production of over 50 barrels per day, while this well typically produces only 5-10 barrels per day.
      On the other hand, these wells fit our model perfectly, as we are interested in acquiring them. Even wells producing 5-10 barrels per day can be profitable for us. Additionally, we receive good tax advantages on the oil produced by these wells, as production below 10 barrels per day qualifies our wells as marginal or "stripper" wells, subject to only 3.2% oil tax to the state. Our operators can often perform necessary work at a lower cost compared to operators of larger companies, which typically have higher fixed operating costs.

      "Here are some pictures of the wells we plan to bring back into production."

      Price per percent ownership - Working Interest $8900.- (All 3 oil wells)

      N.R.I. Net Revenue Interest: 0.70% per percent

      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

      Want to join us?

      Would you like to know more about the opportunity to participate in this exciting IN-Field development project?

      Economy - Estimates $70-90 per barrel of crude oil, the break-even point is at $35.00 per barrel. Click on each economic sheet, to see in a large window. We have made the financial calculation with a 5 year period, this does not mean that the wells cannot produce any longer, we expect between 10 - 15 years.












      $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.
      - 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