Together with our partners for more than 10 years, we decided to offer 15 units for sale in this package consisting of 2 active oil wells + 1 SWD well,
These wells have a good history of stable production and there are still good amounts of reserves that can be extracted at a later date when we have finished producing from the current formations.
As stated, we offer 15 units, each of which cost $11.025,00.- Min. investment is $5.512,50- (0.50 unit) for this amount you get the following.
● Ownership of 2 active oil wells, with good history and stable production + 1 SWD well ● A Net Revenue Interest of .70 in both wells per unit (1) ● Monthly production reports ● Monthly Revenue payout, directly from the operator ● A good stable operator who is himself a co-owner ● Est. Payout incl. 15 % depreciation on original investment sum = 3 years (36 month).
Note: You also achieve good depreciation opportunities with this type of investment, you can write off up to approx. 100% of the monthly operating costs of the wells each year, thus lowering your tax on your other income
Important information:
● Estimated lifetime of project is 10 - 15 years. ● Graph - Shelf#2 Graph Cumulative - Life time Production curve. Click here ● Write-up all 2 wells. Click here
Financial calculations / P&L (Profit and Loss Forecast):
We have made a set of financial calculations based on the known reserves, as well as all data about production, reserves and how these have developed since the wells were put into production more than 10 years ago. However, we can conclude that reserves appear to be greater than originally assumed by the reserve geologists, since we have already produced more than 3 as much as assumed from the Bergeron well sand layer in 4500 feet which was estimated at 12000 barrels in reserves and already now we have soon produced 35,000 barrels and we are still stable at 7-8 barrels every day.
Our calculations are made with a barrel price of $80.00 and current production (15 barrels per day). We have made a total calculation based on 1 unit ($11,025.00) incl. ongoing depreciation on both operating costs and the original investment.
Originally, the reserves were assumed to be 52,000 barrels, but based on the factual figures, we can now see that we very likely have larger reserves than first assumed, we have therefore made our calculations based on total reserves of 84,000 barrels of crude oil that will be able to be produced over the next 10 years.
Bbl. Year: 8400Oilprice: $80,00
8400 x 80 = $ 672.000 Gross incomeOil-Tax 3,2% = $ 21.504Royalty 30% = $ 195.148
Restsum = $ 455.348LOE´s = $ 192.000
Net profit = $ 263.348 : 100 (100% working interest) = $2.633,48 Per year
Initial Inv. = $ 11.025,00:2.633,48 = Payout 4,2 years ( without depreciation)
Depreciation included:
14.29 % per year (7 years) = $ 1.575,00 (1.00 % working interest)
Depreciation on the annual LOE's (operating expenses) at 90% per year (1.00 % working interest)
$1.920,00
If you take these 2 numbers and add them together, you will have total depreciation of $3,495.00 per year for the first 7 years.
If you include the depreciation in the calculations overall, the estimated payback period will be 3.2 years.
These are the basic calculations based on what we know about now and here, as well as expectations for the future based on the data we have available.
After all, each individual investor has their own finances, and you should always consult with your accountant or financial adviser to see how the individual investment affects your tax.
So if you are interested in getting a return on your money, with monthly dividend payments. Then here is a unique opportunity to participate in, with a low risk profile.
Why are they selling out? very simply, they are in the process of raising capital for the purchase of new leases, wells and equipment and for this purpose, funds must be used and they do not want debt in there business, so everything must be purchased CASH.
Contact person for more information: Mads Andersen, President
moc.secruoserenygrene%40ofni
Phone: +1 - 612-351-4414
Thanks in advance
EnerGyne Resources