Princeton Natural Gas, LLC is an oil and gas operator located in California. We are seeking private equity funding to drill a 6 to 9 well combination oil and gas program in the San Joaquin basin. Surrounding production indicates wells may have a potential to return greater than 7 times the investment with return of capital in as little as 6 months.
Char, Grayling: Two prospects to be drilled in prolific Kern County near Bakersfield (one hundred miles north of Los Angeles). This is a proven area surrounded by production with all infrastructures in place. Drilling prospects are seismically defined. 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 300,000 to 1 million barrels of oil and 500 MMCF of gas for one well. The wells will be drilled to the Stevens Sand at 12,000 feet in a highly prolific and mature drilling province. Kern County wells cost three million each into the pipeline on a turnkey basis. Contact Us.
Please click on the links below for specific information relative to the opportunity. (Scroll down)
Landslide Field Producing Well Yowlumne Field Producing Well
"This is not an offer to sell or solicit the sale of securities and contains forward looking statements"
Disclaimer
This website contains forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. The forward-looking statements contained in this
document are statements that involve risks and uncertainties including,
but not limited to, market demand and the effect of economic conditions,
the result of financing efforts and risks detailed in the Drilling
Agreement.
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