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| Street address: | 13140 Coit Rd Suite #307 | |
| City / suburb: | Dallas, TX | |
| Zip code: | 75240 | |
| Phone: |
(469) 324-7058 (Primary Phone) (469) 324-7058 (Sales) |
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| Nearest landmark: | Galleria Mall | |
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Franklin Resources has secured a strong position in the heart of the Mississippian Lime formation exploratory trend, in Kiowa County, Kansas. There are currently two production wells, that have pumped a substantial amount of oil (over 50,000 barrels of oil). One spudded in 1973 and the other in 1991, and they are both still producing to this day! These returns were achieved before present day large slick-water tracks were employed. These two wells are meeting the production requirements needed to hold the mineral right lease on 1,080 acres of land. We project that there is more than 700,000 barrels of recoverable oil under these leases. That being the case, a program employing approximately 10 vertical wells will be sufficient to harvest this oil. The initial venture capital raised to begin this program will be $2.3 million in order to drill and complete the first three wells. These wells will be established within close proximity of each other in order to create economies of scale in relation to much of the basic infrastructure needed for a drilling program. In addition to being close to each other, the three wells will be in close proximity to the two producing wells described earlier. With this "Infield" location, and directly "Offsetting" the three well locations to the producing wells, we have mitigated risk. We also are targeting the acreage that we believe shows the most promising oil prospects within the Conklin Ranch.In addition to our "Pro Investor" structure, simplicity and transparency are two facets that our investors will enjoy. Our company was spawned from investor discontent with other industry offerings. We have seen greed and corruption jade investors who have otherwise born witness to an industry that can reap huge profits. We're extending an "Industry'' style of venture structure to non-industry investors. If you approve of our stout program, and decide to participate in our drilling operations, we will put your investment first.
| Estimated number of employees: | 2 to 4 | |
| Annual sales estimate: | 0 | |
| City / suburb: | Dallas, TX |
Tax Deductions, Revenue Streams, oil and gas exploration services, oil and gas well management services, Sound Investments, financial planning services, Alternative Investments, Investors