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Project Highlights Tillman #1. This well has cost over $11 Million to date. MPI is offering 42 % of rights & title to well. Evaluated 3 key zones in this well - at least 2 of the 3 zones will have high flow rates of Oil and/or Gas & high value Condensate due to strong pressures.
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Project HighlightsTillman #1 • This well has cost over $11 Million to date. • MPI is offering 42% of rights & title to well. • Evaluated 3 key zones in this well - at least 2 of the 3 zones will have high flow rates of Oil and/or Gas & high value Condensate due to strong pressures. • MPI seeks investment of $1,470,000 for: Partial cost reimbursement Evaluation & Completion Surface Equipment Pipeline Installation, Gas Hookup AND Right of Way.
28 Feet Of Oil or Gas & Condensate Pay 19 Ft of Gas Effect Crossover If Gas, Estimated Reserves are 2.3 BCF Plus 115,000 BC Strong Rwa Response
This Map & Land Map indicate that a 2nd location may be drilled NE of the current well. This structure map is contoured on a horizon approximately 1200 Ft shallower than MPI’s Upper Wilcox zones of interest.
There is strong industry interest in this area as indicated by the fact that ALL lands bordering the Subject Lease are leased (to aggressive mid-sized oil companies)!