Shallow drilling operations are located in Douglas, Johnson, Miami, Franklin, Anderson and Linn Counties in eastern Kansas.
Project |
Investment | Production* |
| Thoren | $900,000 | 35 BOPD |
| Tri-County | $800,000 | 40 BOPD |
| DD Energy | $2.7 million | 50 BOPD |
*as of September 30, 2007
Summary of Shallow Oil Projects:
- Invested acquisition and development capital of $4.4 million resulting in a PV 10 of $17 million as of September 30, 2007;
- Aggregated 125 BOPD at a cost of $34,000 per producing barrel; and
- In excess of 350 drillable locations.