Currently 80% placed [7-24]
For 1% the risked capital is $30k and an additional $50k per point once we confirm the target zone is productive.

New Horizon Oil and Gas LLC and its partners are making available their Lake Orgeron South prospect which is located in 22S 21E. New Horizon and its partners have acquired mineral leases covering approximately 440 acres from the state of Louisiana.

NRI Delivered: 73.5% (Includes Lease Burdens of 21.5%, a Seismic ORRI equal to 2.0% and a retained ORRI equal to 3.0%) * There is possibility that the NRI delivered for first three years of production could be increased to 76.5% if the State will agree to grant a waiver for royalty relief once the well is recompleted. *

The Akron SL 22100 #1 was drilled in the late spring of 2023. The well encountered multiple pay zones. The only sand the operator tried to perforate was 9’ of perfs in the Bol 2 zone. This well did not flow immediately and has not been retested or worked on since. This is the first well the operator has ever been a part of in the Gulf Coast. The only pay zone we were able to get a triple combo log over was the Tex 2 sand, all other sands only have LWD and Mud logs on. The Tex 2 is a down-thrown three-way closure up-dip to a well with 5” log pay. The Tex 2 sand encountered 24’ of hydrocarbons in this zone. The closest production to us is the Goodrich SL 14589 #2 which made 100 BC/mmcf. The second zone the well had pay in was the Tex 11B. The Tex 11B is on a four- way closure. The well encountered 24’ of hydrocarbons in this interval. The next zone the well encountered pay in was the Tex 13 sand. The Tex 13 is trapped on the crest of a 4-way closure. The well encountered 35’ of hydrocarbons in this zone. This zone produced over 600 MBO to the north on an up-thrown 3-way closure. The last zone the well encountered pay in is the Bol 2 zone. This zone is trapped by an up-thrown 3-way closure. This zone encountered 30’ of hydrocarbons. As noted above, the Bol 2 zone is the only zone the operator tried to test.

Tex 2: 107 acres x 20’ft. net pay x 1,800 Mcf/ac-ft = 390 BCF 3.9 BCF
Tex 11B: 94 acres x 17’ft. net pay x 1,650 Mcf/ac-ft = 2.6 BCF 41 MBC
Tex 13: 137 acres x 23’ft. net pay x 500 Bo/ac-ft = 1.6 MMBO 5.3 BCF
Total: 2 MMBO and 11.8 BCF

500 BOPD and 2,500 MCFD (Bc/mmcf based off Tex 13 production to the North)

Thyssen

sec 9 22S-21E, Lafourche Ph., LA

State Lease 22100

$ 2.1 MM Drill & Evaluate (est.)
$ 5.3 MM Completion/Hookup (est.)
$ 7.4 MM Total (Includes Taxes and 10% Cont.)

New Horizon Oil and Gas, llc.
Jarrod McGehee (Geology)  
(225) 803-4494
Frank Erwin 
(281) 627-1601 (Land)