oil & gas assets

producing propertySOUTHEAST TEXAS PROPERTIES

Producing Property For Sale Through PLS Marketing & Transaction Arm
All Standard Disclaimers Apply & Seller Rights Retained


SOUTHEAST TEXAS PROPERTIES
SOUTHEAST TEXAS PROPERTIES
32-Active Wells. 4-Injection. 15-Inactive.
POLK, TYLER, JASPER, HARDIN CO.
Yegua & Wilcox Formations.
Producing From Multiple Intervals.
PDNP And PUD Upside Identified.
Varying NonOperated WI & NRI.
Net Production: 50 BOED (93% Oil)
Total Proved Reserves: 386 MBOE
Total Proved PV10: $5,679,000
SELLER IS REVIEWING OFFERS
PP 8670DV
Sale Points
***OFFERS DUE BY NOVEMBER 17, 2017***

Updates
10/16/17: Updated Accounting Tab in Quicklook in Summary & Introductory Materials folder.
10/16/17: Updated Burnett LOS 2017 in Accounting folder.

Summary
PLS Energy Advisors has been retained by Burnett Petroleum to market their NonOperated Southeast Texas Assets located in Hardin, Jasper, Polk & Tyler Counties, TX. There are 41-total wells in the package spread out between two properties defined as the Rose Joint Venture and Lucky Leon Field with a 5.0%- 25.0% Working Interest (0.3% - 20.4% Net Revenue Interest). Current 6-Month Average Net Cash Flow is $35,723 per month for the properties.

All wells are vertical/directional completions producing from multiple intervals of the Yegua reservoir & Upper Wilcox with significant behind pipe potential present.

Current Operators
-- Davis Southern Operating Co., LLC
-- Davis Bros. Oil Producers, Inc.

Engineering Summary

Rose Joint Venture
Proved Developed Producing
-- 26-cases
-- 50 MBO & 27 MMcf
-- Net PV10: $976,000

Proved Developed Non-Producing
-- 45-cases
-- 155 MBO & 352 MMcf
-- Net PV10: $3,241,000

Proved Undeveloped
-- 14-cases
-- 91 MBO & 9 MMcf
-- Net PV10: $1,302,000

Total Proved (1P)
-- 85-cases
-- 296 MBO & 388 MMcf
-- Net PV10: $5,520,000

Lucky Leon Field
Proved Developed Producing
-- 5-cases
-- 2 MBO
-- Net PV10: $21,000

Proved Developed Non-Producing
-- 6-cases
-- 7 MBO & 95 MMcf
-- Net PV10: $139,000

Total Proved (1P)
-- 11-cases
-- 9 MBO & 95 MMcf
-- Net PV10: $160,000


CONTACT AGENT:
PLS Energy Advisors Group
Mr. Ross Benoche
Director - Sell-Side Services
One Riverway Ste 2500
Houston, TX 77056
Phone: 713-650-1212 and Fax: and Direct: 713-600-0154 Cell: 832-338-2810
Email: rbenoche@plsenergyadvisors.com
Questions Regarding This Asset? Email Ross Benoche or call PLS at 713-600-0154

Public Data (No C.A. Required)
folder1. Summary & Introductory Materials
folder2.Accounting
folder3.Engineering
folder4.Maps
folder5.Well Data

Questions Regarding This Asset?
Email: Ross Benoche
Call: 713-600-0154



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