Our Latest Project - Asset Purchase

Asset Purchase of US Oil and Gas Corp.

Black Horse Petroleum is buying all of the working interest and oil leases owned by US Oil and Gas Corp. Funds acquired for this asset purchase will be used to purchase this interest and to re-work and repair purchased/leased oil wells.

Purchase Details

Details of the US Oil and Gas asset purchase include the following:

The participants will collectively own 50% of Black Horse Petroleum Corp's (BHP) working interest in and to the wells described. Said 50% interest is available in 10 equal units or portion thereof.

There will be an assignment from BHP to each participant for 5% unit or portion thereof purchased by said participant.

It is projected that 50 barrels of oil can be achieved at the conclusion of the re-work process of the 16 wells.

The participants will collectively own 50% of Black Horse Petroleum Corp's (BHP) working interest in and to the wells described. Said 50% interest is available in 10 equal units or portion thereof.

There will be an assignment from BHP to each participant for 5% unit or portion thereof purchased by said participant.

It is projected that 50 barrels of oil can be achieved at the conclusion of the re-work process of the 16 wells.

Lease Information For Working Interest (WI) Participants

The following is information on Black Horse Petroleum Corp’s. (16) well re-work project. We firmly believe we can achieve at least (50) barrels of oil at the end of our rework. Our intentions with this asset purchase are to do the following:

BUNTING LEASE

The Bunting #1 pull down hole equipment, run a camera inspection give well a Diesel squeeze which will shut off excess water without cutting off the oil flow. Pressure test tubing replace tubing needed, change out pump and add a chemical program.
One of the wells on the lease has an unopened oil zone that looked productive and should be tested and re-completed and put on pump.

Image - Asset purchase includes tank batteries and well pumps.

KLEIBOEKER/KNOLHOFF LEASE

Repair the salt -water disposal injection well, change the well from gas to electric. All of the wells are on electric except one well.
Re-frac the well that flowed when originally drilled, this should increase the oil flow.
Repair and replace some equipment on several wells on both leases, install a chemical program.

NALE LEASE

Run a camera inspection on all wells. Repair and equip the original Nale well. This lease has a lot of possible opportunities.
Nale- Albion Consolidated # 1 had a great show of oil. While swabbing the bottom oil zone the zone went to water. A plug was set and other zones were checked. Later, a completion report on the old Nale # 1 (original well) was found. It showed the same results when originally completed. After a diesel squeeze, Nale # 1 produced (150) barrels of oil per day.
If the diesel squeeze works on Nale-Albion Consolidated #1, the same treatment will be implemented on Nale-Taylor # 1. If successful, it could add greatly to the oil production.
A salt-water well exists on this lease which will handle any salt-water produced. This lease will be chemically treated that will also greatly reduce operating expense.

DIRECT PARTICIPATION IN OIL AND GAS EXPLORATION CAN HELP YOU
ACHIEVE YOUR FINANCIAL OBJECTIVES AND TAX STRATEGIES.
WE INVITE YOU TO JOIN US ON THIS EXCITING VENTURE.

We are confident that you will be totally satisfied with your decision to join Black Horse Petroleum in this venture. We encourage you to share this opportunity with friends, family and business associates that are looking for the same financial opportunities.

TAKE A LOOK AT THE ADVANTAGES BHP HAS TO OFFER PARTICIPANTS!

THE BLACK HORSE ADVANTAGE