Norstar Petroleum Inc.

Englewood,  CO 
United States
http://norstarpetroleum.com
  • Booth: 3217

Norstar is selling down working interest in a vertical, conventional drilling prospect in the DJ Basin of Cheyenne County, NE. Norstar is exploring a 2D and 3D seismic-supported Paleozoic structure with an estimated 3.7 MMBO recoverable reserves. $5,000 per 1% WI upfront buy-in, $460,000 dry hole cost and $490,000 completion cost. This is a proof-of-concept exploratory well with massive room to grow if successful. Less than 35% WI available. Subect to prior sale.

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