Our latest project is now ready for funding. Ritchie Waterflood unit

August 10, 2018: Our latest project is now ready for funding. Ritchie Waterflood unit

The plan is the do all workover on the first 6 wells, get them producing and flowing oil into the tanks etc. when this is done. We will look at the potential on drilling new wells or going uphole in some of the first 6 wells, to see if we need to do small frachs on some of them to increase production or drill new shallow wells These current wells have 3-4 more produceable zones up hole, which in this area, some came in flowing 60 bbls a day, from upper zones perforated, acidized and fraced. Good gas volume was also produced in these shallow zones. Minimum investment is USD 5.714,00 this would give you 1.00 % NRI in the project.

If you want more information about this project, do get in contact with us, we are working out on location as we speak.