ALPHA & OMEGA EXPLORATION CO.
CONVENTIONAL WATERFLOOD DEVELOPMENT OPPORTUNITY IN FAR SW TAYLOR COUNTY, TEXAS; STRAWN SAND @4650'; PROJECTED 1.5 MILLION BARRELS OF SECONDARY OIL RECOVERY BASED ON ENGINEERING STUDY; HAVE NEARBY SUCCESSFUL ANALOG WATERFLOODS IN SAME ZONE; 77% NRI; 1100 ACRE LEASEHOLD; 10 to 1 ROI; 68% ROR; PAYOUT UNDER 36 MONTHS; 6 PRODUCERS + 5 INJECTORS & 1 WSW WELL TO BE DRILLED; MINIMUM 5% NON-OP WORKING INTEREST INVESTMENT POSSIBLE; WITH UP TO 100% WORKING INTEREST AVAILABLE; OPERATIONS ALSO POSSIBLY AVAILABLE; NO BACK-INS; NO CARRIES; NO PROMOTE ON LAND; 42 GRAVITY OIL; AVERAGE POROSITY 17.9%; 937 "RESERVOIR ACRES"; PROJECT IS LEASED; TITLE OPINIONS ARE COMPLETED & RRC UNITIZATION PROCESS IS IN PROGRESS.