The Reserve Oil & Gas Project Team (the Company) in conjunction with MVG Energy Solutions will secure sizable mineral leases spanning onshore and offshore concessions of drilling rights in North and South America. The Company is seeking to raise $100 million (USD) of equity & debt to commence full scale operations. Upon completion of funding, the Company will complete seismic testing on the 1st 50 square miles of the concession: which is the primary area of interest (PAI). Depths of the preliminary test wells will be determined based on the results of seismic testing and analysis. Geologists speculate multi-producing zones on the concession, which typically indicates the terrain contains reserves at shallow and deep depths. Therefore, at the beginning of exploration, depending on seismic results, the first wells will be drilled in the proximity of Hinche at 1,000 to 20,000 feet.
Management’s team of geologists and scientists have estimated that deep onshore wells in North and South America have the potential to produce 2 to 5 thousand barrels a day each. If only 6 deep wells are successful and producing, based on these estimates, it will give the Company a yearly gross revenue as follows:
@ $73.00 USD per barrel (Per oilprice.com on June 15, 1018) 6 wells producing 2,500 barrels per day (bpd) each = 15,000 BPD, at 365 days = $399M of gross revenue, net annualized revenue of $299M after 25%+ government royalties and expenses. This revenue run rate will enable the Company the ability to acquire more wells and expand within the first 24 to 36 months.
The Reserve Oil & Gas team and advisors include a strong team of oil and gas industry executives with extensive knowledge, connections and proprietary relationships in the government and industry sectors. The engineers and geologists each have 100+ years’ experience in evaluating potential oil fields, and producing oil fields. It is the calculating estimates of these oil & gas industry veterans which will direct the Companies efforts in targeting the primary areas for exploration.
The Companies projections support a revenue growth rate of 50% per year. The strategic plan calls for 20+ producing wells within the 3rd year of operations, which will enable the Company to produce 20,000 to 50,000 barrels per day and 500,000,000 mcf of gas per day which will be sold in North and South America.