CORPORATE SALE
Rocky Mountain
Producing Properties and
Non-Producing Leasehold
Working Interests and Overriding Royalty Interests

Colorado, Nevada, Utah and Wyoming

COMPANY

  • Independent, pink sheet Utah corporation organized in 1980
  • Headquartered in Salt Lake City
  • Operations focused on acquisition and exploration of oil and gas
    properties in Colorado, Nevada, Utah and Wyoming
  • Substantial cash on hand
  • No financial or environmental liabilities
  • Primary value of company in extensive lease inventory
  • >$1MM net annual cash flow mainly from ORRI properties
  • Audited financials available through March 31, 2008

COLORADO

  • Overriding royalty interests in active Piceance Basin units
    • Large number of drilling locations left within units
    • Hunter Mesa Unit, Grass Mesa Unit and unit offset wells
      • $67,000 average net monthly cash flow (projected 8/2008)
  • Antero actively drilling on non-unit overriding royalty acreage
    • Net monthly cash flow increasing at a rapid rate
    • $28,000 net monthly cash flow (actual 4/2008)
  • Miscellaneous leasehold and overriding royalty interests

NEVADA

  • ~19,750 gross acres / ~8,400 net company acres
  • Yankee Mine West Prospect - White Pine County
    • ~7,600 gross acres located on a large anticline
    • 25% carried working interest to casing point election
    • Terralliance has permitted 11,000 foot Guilmette well
  • Abel Springs Prospect
    • Located in the Railroad Valley area
  • Additional prospects in place

UTAH

  • ~666,600 gross acres / ~282,000 net company acres
  • Central Overthrust Trend
    • ~312,800 gross acres / 11,000 net company acres
    • Discovery of Covenant Field and new Mayfield discovery
      validates significant potential
    • Acreage position covers significant portion of numerous
      prospective structures indicated by geochemical anomalies
  • Southern Overthrust Trend
    • ~243,400 gross acres / ~163,800 net acres
    • Potentially productive thrust related structures
  • Two producing wells
    • Operated well in South Pine Ridge Field - San Juan County
    • $22,800 average net monthly cash flow (projected 8/2008)
  • Overpressured Western Uinta Basin Prospect
    • ~27,200 gross acres / ~27,200 net company acres
    • Multiple shallow and deep oil and gas targets
    • Seismic, geochemical and gravity available
  • Non-producing overriding royalty and royalty acreage
    • Additional ~400,000 gross acres in numerous counties
    • Drilling activity planned or ongoing on some acreage blocks
    • Majority of acreage reverts back to seller if not drilled
  • Miscellaneous leasehold, minerals and overriding royalty interests

WYOMING

  • ~12,350 gross acres / ~4,450 net company acres
  • Emigrant Gap Prospect - Natrona County
    • ~2,300 gross acres / ~2,300 net company acres
    • Similar geologic history as Winkleman Dome oil field
    • Surface anticline with Tensleep Sandstone objective
    • Seller permitted 4,000 foot Amsden well January, 2008
  • Operated producing Dakota well - Crook County
    • $23,000 average net monthly cash flow (projected 8/2008)
  • ORRI in Atlantic Rim CBM wells drilled by Anadarko, et al
  • Miscellaneous leasehold, minerals and overriding royalty interests
BID DATE
AUGUST 28, 2008
EFFECTIVE DATE
AUGUST 01, 2008
CLOSING DATE
SEPTEMBER 30, 2008
For Questions, please contact:
Julia Foster, CPL
(303) 721-6354 ext. 229
David Bickerstaff, Geologist
(303) 721-6354 ext. 232
Chris McCarthy, P.E.
(303) 721-6354 ext. 224

 

 

AdobeDownload Listing Details (Adobe Acrobat, 116 KB)
FilesOrder This Data Package (Physical Delivery)

replace with your keywords replace with your keywords replace with your keywords replace with your keywords replace with your keywords replace with your keywords replace with your keywords replace with your keywords