Five wells are associated with the acquisition, three in the process of re-completion, and two producing approximately 190 barrels of oil and 250,000 million cubic feet of natural gas per day from the Lower Tuscaloosa pay between 8,000 feet and 9,000 feet.
It is estimated that up to 15 proved, undeveloped locations currently exist, with multiple additional possible locations and 3D seismic prospects throughout the acreage. Future wells are planned to test the Paluxy formation and Selma Chalk, as well as other sands in the Tuscaloosa.
Working interest to be acquired ranges from a minimum of 24.75% before payout, and 34.75% after payout in some leases to 100% in others.
The principal field targets are the Lower Tuscaloosa sands. Bordering the survey to the southeast is the Holly Ridge field and to the east is the Lake Formosa field. Further east in Tensas Parish is the Buckhorn field and the Lake St John field.
