The " Champions " Oil Lease
"{{{{ Oil Well Owners Association }}}}"
presents
The " CHAMPIONS " OIL LEASE / HORIZONTAL DRILLING
200% to 250% per year expected or better
The Association was formed in 1996 and currently has approximately
270 members.
Some are OWNERS or COMPANIES and some are interested INVESTORS, who continue to study new situations as they emerge, but have not as yet become owners .
MEMBERSHIP IN THE ASSOCIATION IS FREE
members receive free information on upcoming projects from
21 MEMBER companies
THE OIL WELL OWNERS ASSOCIATION ACTS AS AN INTRODUCTORY SERVICE
only and does not make sales of any kind.
================================================
please contact :
Alfred Dukes or Dylan Jordon ( Co-Chairmen )
[email protected]
Let us know if you are
1) an Oil or Gas well owner seeking Development Capital
or
2) an Individual Person or Business Entity seeking Oil or Gas opportunities
JOINT VENTURE PARTNERS SOUGHT for
The “ CHAMPION LEASE “
The Champion lease project is based on a truly
“DISRUPTIVE “new technology, which is called
“HORIZONTAL DRILLING” and has recently
been dramatically improved.
It requires $4.500,000.00 to:
1) Use this NEW technology that snakes
around underground, (With multiple absorption areas).
2) Attain FULLY REPORTING/ free trading
status on the Bulletin Board.
We expect first year earnings
TO OUR PARTNERS, NOT GROSS TO COMPANY
of something in the range of "approximately"
$7,000,000.00 at a price per barrel of $50.00.
We expect we will be bringing up approximately 600
to 700 barrels per day from proven fields.
The geology reports and records are from 1960. Due to
the massive improvements in drilling and the advances
in recent years to HORIZONTAL DRILLING, it is
possible that the figures may be much higher.
Normal, straight vertical drilling would
require somewhere in the 35 to 40 million dollar
range, require 200 wells (PERFORMING AT 3 TO 4
BARRELS PER DAY) and take about 5 years to
complete .
The money partners will be benefit to approximately
300 to 350 barrels per day.
At today’s oil prices ( LOW $50'S )
this is "AN EXPECTED TARGET OF" around
$7,000,000.00 per year.
Over ten years of " lifting oil ", the average price per
barrel may be easily be in the $125.00 range.
At $100.00 per barrels ( in perhaps 12 to 18 months )
this becomes"AN EXPECTED TARGET OF"
$14,000,000.00 per year. At $200.00 per barrel this
means $28,000,000.00 per year , TO OUR PARTNERS
$56,000,000.00 GROSS to the company.
The minimum participation is $25,000.00.
The average is $100,000.00 . The earnings are expected
to be somewhere in the vicinity of 200% to 250%
(OR BETTER) per year, no matter what the amount
of participation.
The Oil Well Owners Association CAN act as the
management on behalf of its partners.
The Oklahoma based Operations company and the
Texas based HORIZONTAL drilling company controls
the drilling and the well.
A top of the line SECURITIES Legal firm, based in
Washington D.C. ,will take us to
"FULLY REPORTING "STATUS
on THE BULLETIN BOARD in 3 to 4 months.
This strategy provides residual income as well as
capital gains and an exist strategy besides selling your
production.
================================================
$4,500.000.00 is expected to produce AROUND $250,000,000.00 over 10 years with your money back in 9 months or less.
$450,000.00 is expected to produce AROUND$25,000,000.00 over 10 years with your money back in 9 months or less.
$45,000.00 is expected to produce AROUND$2,500,000.00 over 10 years with your money back in 9 months or less.
$4,500.00 is expected to produce AROUND $250,000.00 over 10 years with your money back in 9 months or less.
please contact :
Dylan Jordan
[email protected]
and request the 600 page document and introduction to
the CEO
================================================
We can offer you a unique opportunity to invest directly in our new horizontal drilling project .
We are drilling a new 'turn-key' horizontal well on our lease in Oklahoma.
We are drilling under the existing flood plain, and the deep fork of the Canadian river,which has rainbow trout swimming in the river. This area could not be, or hasn't been drilled in the past because of the technical difficulties, and challenges of the river system and problems with its 'flood plain', and because of the historical contamination issues and environmental concerns. This problem can be easily over-come, and solved with the latest horizontal drilling technology we now possess, and used daily in the US, and worldwide. We will actually be drilling the 'lateral boreholes' under the river system. This is the best, and clearly, the cheapest, and frankly, it is the only way to tap the remaining and recoverable 4-5 million barrels of oil reserves from section 22 of our lease.
We've had many engineers, geologists, and other experts review the prospect of recovering the oil in still in place on our lease. We have performed extensive research of the historical records, and have had access to modern analysis, which was performed to determine the presence of the oil reserves in our immediate area. The upside return for investors is tremendous, and extraordinary.
Tremendous technical advances have occurred since the early eighties when horizontal drilling in the US, and worldwide became more commonplace. The knowledge and experience obtained during the past 20 years has made the horizontal drilling process straightforward, and predictable, hence the reason the drilling company will give us a turn-key price to drill & complete our new horizontal well. It is the smartest and most accurate way to recover the oil reserves. It is much more precise than 'water flooding', which is a legitimate method for secondary recovery of oil.In fact, the drilling company superintendent , has told us they will take working interest in lieu of some of the cost to drill the well, and have some of their own investors if we need capital to drill the proposed horizontal well.
We expect to recover up to 4-5 million barrels of oil by 'directionally drilling' as many as five lateral boreholes totaling 13,370'. We have an aggressive plan , with a world class company having vast experience at drilling horizontal wells in Japan, Singapore, Alaska, and throughout the continental US, and the world, with large independents, and the major oil companies such as BP, Conoco/Phillips, and others.
Our drilling location, and engineering is completed, and you can look at the contour map, with the drilling plan, showing the targeting of the majority of our oil reserves. We expect to achieve about 500 bopd of production revenue from the horizontal well, and the subsequent drainage and recovery of a majority of the 4-5 million barrels of oil in section 22 of our lease. We may need a second horizontal well to get all of the oil. We'll get plenty with our first well. The upside is quite lucrative, and our opportunity is one few investors ever get to see, or participate-in. Our 70% remaining working interest ownership will sell-out quickly. Our drilling superintendent tells us he can start drilling around the first week in May, and complete the horizontal well in about 30 days. Production revenue and cash flow would be distributed as soon thereafter as possible. We've completed our infra-structure, and will have the tank batteries, and hook-ups as necessary to begin production operations when the well drilling operation is completed.
We hold by production approximately 1,600 acres of production in our Doneghy lease, more commonly known as the Coalton Field, and once partially developed by James Doneghy. Mr. Dongehy drilled 17 Booch sand wells on two sections, including sec. 22, and section 26 on the Dongehy lease. Two of the Booch wells were perforated and placed on line before Mr. Doneghy died. We purchased the leases, and an operating company called Tar Water. We have grandfather rights, , which is an Oklahoma operating company. Our proposal to new investors is to offer a 'heads-up', or industry deal to drill a horizontal well with multiple lateral boreholes to properly drain the Booch reservoir.
The engineering report by Herman H. Kavaler clearly describes the potential to recover about 4-5 million barrels of oil at the relatively shallow depth where the Booch is found in our area. We have a reservoir with plenty of sand thickness, or between 185' on the North and West limits, 'high structurally', before the sand pinches-out, and 40' or more feet of sand, or pay before the permeability gets tight, and 'dips' to the East, and South, or the lower levels of the Stratigraphical play.
We would do a water flood if we didn't have the option to drill a horizontal well with multiple lateral boreholes. Either method would drain the reservoir. Obviously, we can do both, or when it makes sense to boost production, and when we near the end of the recovery possible with either our existing vertical wells, or the proposed horizontal project. We expect to be able to drill and complete the horizontal well with about 3.5 million. Please keep in mind, if we encounter more sand, or can, and should drill more laterals to reach or drain sand, we will. This would push costs higher.
We have an obligation to offer 'right of first refusal' to our existing private investors, and this might account for about 25% of the working interest sold on our 81.25% Net Revenue Interest (NRI) lease. We will retain 25% working interest as operators, and will charge a prospect generation fee for our infra-structure development completed, and for proportionate lease costs, engineering, as well as legal, and administrative charges.
In conclusion therefore, we should probably say we can deliver about 50% of the working interest for the appropriate cost percentage, determined when the 'heads-up' AFE is completed next week. Essentially, its a pay as you go deal. We will provide an Authorization for Fixed Expenditures (AFE), and an AAPL 1989 Operating Agreement for your review sometime next week. After our investors, and other interested parties see the AFE, we'll be able to give you a forecast of what working interest is available.
DJ
Paragraph.
