CrownForge Anadarko Basin Prospect

Asset type: Producing Wells, Wells, Workover/Re-Entry/Shut-In · Location: Sheridan, Wyoming

Unrivaled income opportunity derived from oil and gas wells, with the lowest risk way to position in the space. The project is to take 62 existing wells, with past production and restore them to modern standards with modern technology and stimulate the production zones using modern techniques/materials. These are steady 50-100 year old wells that just keep giving. 8 of the 62 wells are already online, giving 3-5 barrels of old per day (BOPD) so an investor acquire well interest cashflows from day 1 and every partner gets paid monthly. The capital raise is to rework the remaining 53 wells that we've identified with the highest potential across our 2000+ acre lease. The existing per annum cash yield upon buying in is 3.5%, without counting tax deductions. After the 12 month rework, the 62 wells jointly would produce minimum 150 BOPD, which is 34% cash on cash ROI Factoring in tax deductions (100% IDC deduction in year 1), the returns will be closer to 80% in year 1. Investor deck and data room available upon signing NDA.