Project funding of this project is outlined below.
Black Horse Petroleum Corp. is buying 100% of US Oil's working interest in the following wells and leases.
Bunting Lease
Knolhoff Lease
Kleiboeker Lease
Nale Albion Lease
We are offering 50% of its Working Interest Ownership to qualified parties.
Total Oil Wells: 16
Total SWD Wells: 3
TOTAL PRICE: $350,000
Purchase 100% of US Oil and Gas Corp. wells/leases and equipment.
$200,000 plus $150,000 for work over of wells/leases*
Repair/rework oil wells by pulling rods, tubing, down hole pumps, clean out and acidizing of well bores, test equipment and replace where needed. There are several wells that have productive zones that was never perforated. We intend to open and test these zones. This should enhance overall oil production. We intend to install an upgraded chemical program/system which will reduce operating expenses. The improved salt water disposal injection well/system will eliminate the need to haul the salt water produced, which will reduce monthly expenses.
*Note: Any funds left over after reworks will be credit towards future operation expenses.
| $35,000 Per Unit – A total of 10 Units available for Participation. | ||
|---|---|---|
| UNIT | PRICE | WORKING INTEREST OWNERSHIP |
| 1Unit | $35,000 | 5% |
| 1/2 Unit | $17,500 | 2.5% |
| 1/4 Unit | $8,750 | 1.25% |
| 1/8 Unit | $4,500 | .15625% |
For the price of drilling a new well, we can offer our participants the opportunity to acquire a WI (working interest) in several producing oil wells with all of the benefits of oil exploration such as tax benefits, depletion allowance with very low risk. With the rising energy and gasoline cost at the pump, the time for this opportunity is now.
ENERGY INDEPENDENCE
The United States has the capacity to provide for its own energy requirements, and Black Horse Petroleum Corp. is passionate about doing its part to contribute to this American energy independence.