Figures presented are calculated on a cost of $120,000 per unit, earning a 3.33% Working Interest equal to a 2.500% Net revenue interest in four (4) wells. This economic analysis is a theoretical model based on historical ·and data market conditions; it in no way guarantees or suggests guarantees concerning the outcome of program participation. Actual profits resulting from participation in the program will vary over time due to changing economic and unforeseen geologic and or/ engineering realties outside the company's control. These figures do not consider monthly operating expenses, production taxes, production decline rates, unusual transportation or leasing costs or the daily fluctuations, up or down, in the price of natural gas and oil. Note: The original investment is still in the well and reserve value of the NRl will most likely retain its present value or increase in the future. Historically these wells produce from 15 - 30 years and some wells produce for as long as 70 years. Figures presented are neither guaranteed nor assured, but is based on the best data available, which is believed to be accurate at the time of the preparation of this report. United believes that this income is entirely possible and it is not unreasonable for the participant to expect these numbers or even better numbers may be readily achievable with diligent execution of the drilling, completion and production of the wells, and of course, the increase of oil prices in the future. Each participant must understand that this is a risk investment & accept the possibility they may lose all or part of their investment. Also, you must be an accredited investor to participate in this offering.
TURNKEY COSTS: $3,600,000
NUMBER OF UNITS: 30
UNIT COST - $120,000
1/2 UNIT - $60,000
1/4 UNIT - $30,000
1/8 UNIT - $15,000
WORKING INTEREST: 3.33% WI PER-UNIT
NET REVENUE INTEREST: 2,500% NRI PER-UNIT
Program Summery of Okie Draw Investment
Manager: United Exploration LLC
Operator: United Exploration LLC
EIN: 81-4765704
Location: Natrona County, Wyoming
Number of Wells: 4
Objective Formations: Tensleep Lokota, Madison Phosphoria
Wells To Drill
(1) Rosebud Gout. I
Est. 250 BPD
(2) Oakie Draw Fed. 2-1
Est. 250 BPD4
(3) Oakie Draw Fed. 21-23
Est. 250 BPD
(4) Oakie Draw Unit 4
Est. 250 BPD
Income Conversion
BARRELS PER DAY: 1000
PRICE PER BARREL: $50
GROSS MONTHLY INCOME: $1,500,000
PROJECT ANNUAL INCOME: $18,000,000
ANNUAL UNIT INCOME: $600,000
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