Southern Niagaran Reef Working Interest Development Opportunity
📍 Michigan Basin - S Reef Trend
🏔️ Basin: Other
🏷️ Type: Oil & Gas Operations
Asking Price
$1,100,000
Description
**THE OPPORTUNITY**
Danmark Energy has defined approximately 110 acres of Niagaran reef with more than 200 feet of vertical oil pay. Our HD2 horizontal wellbore was landed approximately 30 feet above the interpreted oil/water contact and encountered 533 feet of reef pay with oil cut throughout the lateral. Based on the geological and reservoir interpretation, we are targeting approximately **1,000,000 barrels of recoverable oil** from the development. The initial development well, **Whiting 1-35E**, is designed to maximize exposure to approximately 200 feet of productive Niagaran reef above the interpreted oil/water contact.
**PROJECT HIGHLIGHTS**
* 1,000,000 barrels target recoverable oil
* 200+ feet of vertical oil pay
* 533 feet of horizontal reef exposure demonstrated by HD2
* Approximately 110 acres seismically defined
* Target initial production of approximately 200 BOPD per well
* Initial well drilling and completion budget of approximately $1.1 million
* Three-well development program
* 80% NRI indicated in current project materials
* 20+ additional Niagaran reef prospects identified along the same producing trend
At $60 oil, the 1MM-barrel recoverable target represents approximately **$60 million of gross revenue potential** before royalties, operating expenses, taxes and other project costs. We believe the combination of existing well control, demonstrated reef pay and relatively low development cost creates a compelling risk/reward profile compared with a conventional exploration prospect.
**WORKING INTEREST AVAILABLE**
Danmark Energy is currently seeking working-interest partners to participate in the drilling and development of the project. The initial development well is budgeted at approximately **$1.1 million**, with participation available to qualified investors. Current marketplace materials indicate a **$100,000 minimum investment**. For parties interested in reviewing the opportunity, we can provide additional geological, technical and economic information, including available well data, development assumptions and participation terms.
If you would like to review the project in more detail or discuss working-interest participation, please contact me directly.
Dan Kulka
Managing Member / Geologist
Danmark Energy, LLC
517-388-1999
dan@danmarkenergyllc.com
Danmark Energy has defined approximately 110 acres of Niagaran reef with more than 200 feet of vertical oil pay. Our HD2 horizontal wellbore was landed approximately 30 feet above the interpreted oil/water contact and encountered 533 feet of reef pay with oil cut throughout the lateral. Based on the geological and reservoir interpretation, we are targeting approximately **1,000,000 barrels of recoverable oil** from the development. The initial development well, **Whiting 1-35E**, is designed to maximize exposure to approximately 200 feet of productive Niagaran reef above the interpreted oil/water contact.
**PROJECT HIGHLIGHTS**
* 1,000,000 barrels target recoverable oil
* 200+ feet of vertical oil pay
* 533 feet of horizontal reef exposure demonstrated by HD2
* Approximately 110 acres seismically defined
* Target initial production of approximately 200 BOPD per well
* Initial well drilling and completion budget of approximately $1.1 million
* Three-well development program
* 80% NRI indicated in current project materials
* 20+ additional Niagaran reef prospects identified along the same producing trend
At $60 oil, the 1MM-barrel recoverable target represents approximately **$60 million of gross revenue potential** before royalties, operating expenses, taxes and other project costs. We believe the combination of existing well control, demonstrated reef pay and relatively low development cost creates a compelling risk/reward profile compared with a conventional exploration prospect.
**WORKING INTEREST AVAILABLE**
Danmark Energy is currently seeking working-interest partners to participate in the drilling and development of the project. The initial development well is budgeted at approximately **$1.1 million**, with participation available to qualified investors. Current marketplace materials indicate a **$100,000 minimum investment**. For parties interested in reviewing the opportunity, we can provide additional geological, technical and economic information, including available well data, development assumptions and participation terms.
If you would like to review the project in more detail or discuss working-interest participation, please contact me directly.
Dan Kulka
Managing Member / Geologist
Danmark Energy, LLC
517-388-1999
dan@danmarkenergyllc.com
Key Metrics & Technical Specifications
200
BOE/Day Production
$350,000
Monthly Cash Flow
110
Acres
80%
Working Interest
80%
Royalty Rate
Listing Details
| Asset Class | Oil & Gas Operations |
|---|---|
| Development Stage | Development |
| Depth | 4,500 ft |
| Listed By | Danmark Energy, LLC |