Prospect Introduction
The Char Development Prospect is part of a 6 to 9 well drilling program in Kern County California that includes the Grayling Prospect and Wildlife Prospect. The Char Prospect is a relatively low risk opportunity to encounter oil and gas bearing sands capable of high volume production rates. Veteran geologists and geophysicists agree that there is an excellent opportunity to find oil and gas as confirmed by high quality 3-D seismic. Reserves are estimated at 800,000 to 1 million barrels of oil and 500 MMCF of gas for one well. The Grayling Prospect (4 wells) may contain 8 million barrels and the Wildlife Prospect (3-4 wells) may contain 10 million barrels and 2 BCF of gas. The wells will be drilled to the Stevens Sand at 12,000¢ in a highly prolific and mature drilling province with all infrastructure in place. Participants in the Char Development Well will have first right of refusal to participate in the Grayling and Wildlife Prospect’s. (Scroll down for full view). Contact Us
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