oil & gas assets

land or farmoutsMeredith Land & Minerals - Colorado Acreage

Lands & Acreage For Sale or Farmout. Available Through PLS Synergy Marketing Group
All Standard Disclaimers Apply & Seller Rights Retained


Meredith Land & Minerals - Colorado Acreage
COLORADO NIOBRARA ACREAGE
~29,000-Net Acres.
DOUGLAS, ELBERT, EL PASO
NIOBRARA SHALE PLAY
Niobrara, Codell, Greenhorn, DJ Sands
Niobrara Thickness 300-350 Ft
Similar Geology to Northern DJ Basin
100% OPERATED WI; 80% NRI
Expected IPs >500 BOPD
Good Term Remaining On Leases
Expected EUR/Well: ~300 MBOE
Offsetting Conoco-Phillips, CHK & APC
Additional Park County Acreage Available
New Permits By Ultra & Hilcorp
L 6940DV
Sale Points
THIS PACKAGE IS STILL ON THE MARKET

Ultra Petroleum who has ~100,000 acres in El Paso County will be begin drilling in March 2012. Ultra has 5 approved well permits in the area and has applied for more.

Hilcorp has applied for (4)four permits in El Paso County.The well locations are in eastern El Paso County, one northwest of Highway 94 and Peyton Highway, the second permit is about 5 miles South.

Conoco-Phillips has filed 2 recent permits targetting the Niobrara near the Lowry Bombing Range in Arapahoe County. Grimm #34-4H (5-005-07179) and Tebo 32-3H(5-005-07178).

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Most of the acreage lies ~20 miles directly south of the recent Conocophillips purchase of the Lowry Bombing Range for ~$6,500/acre. This position is also near the ConochoPhillips & Lario O&G Transaction where deal value dictates ~$4,000-$5,000/acre.

Also, Anadarko has a large postion of acreage to north near the bombing range and is currently flowing back and flaring a test well. Results are expected to be good as Anadarko has permitted an offset.

Southwestern also recently announced an acquisiton of ~238,000 acres in the DJ in Eastern Colorado. You will see on the map some of their acreage is located to the east of these positions.

EXECUTIVE SUMMARY

PLS is currently retained by Meredith Land & Minerals "Meredith" to market their Colorado Niobrara acreage position in the Southern Denver Basin including Douglas, Elbert, El Paso, Arapahoe & Park Counties. Meredith is currently offering 38,500 Gross/ 29,000 Net Acres at 100% Operated Working Interest and 80% Net Revenue Interest. This area is hot with leasing and permit activity from industry participants such as Chesapeake, Conoco-Phillips, Anadarko and El Paso. Current activity is based around the Niobrara and Codell horizontal play. Many believe this area is as prospective for the Niobrara as the northern part of the basin. PLS is currently soliciting offers on the entire acreage position.

For questions on these assets, please contact the person below


TO LEARN MORE
PLS Inc
Mr. Rob Via
Director - Rocky Mountains
216 16th St, Ste 1600
Denver, CO 80202 USA
Direct: 303-542-2011
Cell: 303-324-7576
Email: rvia@plsx.com
Questions Regarding This Asset? Email Rob Via or call PLS at 713-650-1212


Questions Regarding This Asset?
Email: Rob Via
Call: 713-650-1212



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All Standard Disclaimers Apply & Seller Rights Retained
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