Here is your Oil & Gas AI investment overview for the Mando Prospect by New Horizon Oil & Gas. We look forward to connecting with you and will provide additional information on this exciting opportunity!
The Mando Project has an estimated total reserve potential of 20.8 billion cubic feet (BCF) and 1 million barrels of crude oil (MMBC). This suggests a considerable reserve potential, reflecting a high probability of success in recovering substantial oil and gas resources.
The estimated flow rate for the UL-1 well is 835 barrels of crude oil per day (BCPD) and 12,500 thousand cubic feet of natural gas (MCFD), which is just below the industry average. However, the reserve potential offsets this slightly lower flow rate, making it a viable opportunity.
Forza Operating, the operating company for the Mando Project, is a reputable and experienced oil and gas exploration and production company. They have a proven track record of successful drilling projects and a strong reputation among industry peers. Information from our Oil & Gas AI.
The Mando Project is located in Section 24, 25-18S-21E in the Lafourche Parish in Louisiana, which is not a well-known oil-producing region. However, the location is strategically placed near existing oil and gas infrastructure, making transportation and production easier and economical.
The Mando Project is a private lease, meaning that potential investors have the opportunity to invest in a drilling venture that is not listed on any public exchanges. This means that the costs of the project are shared among a select group of investors, granting them more control over the project's direction and management.
The estimated total cost of the Mando Project is $9.49 million, which is on par with industry standards. However, potential investors should consider their individual financial means and investment risk tolerance before committing to the project.
The minimum investment level for the Mando Project is $250,000, and potential investors should expect a 22% internal rate of return (IRR) based on the anticipated flow rate and reserve potential. This translates to a projected net income of $1,430,000 for a $250,000 investment.
Overall, the Mando Project offered by New Horizon Oil & Gas is a promising drilling prospect with vast reserve potential and a reliable operating company. While the location is not ideal and the cost estimate is average, it has the potential for a significant return on investment for interested parties. Based on our criteria, the Mando Project's total score is 56/70.
Conclusion:
For interested parties with a financial investment capacity of at least $250,000 and a moderate risk tolerance, the Mando Project may be an excellent opportunity to invest in an oil and gas drilling project with extensive resource potential, a reliable operator, and a private leasing option. While there are still inherent risks in any drilling venture, the potential rewards for investing in this project could be noteworthy. All material has been produced by our Oil & Gas AI automation!
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225.803.4494
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The New Horizon Team
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New Horizon Oil & Gas
Houston, TX 77002