- 3,850 acres of BLM oil leases located in Nye County, Nevada US
- Recognized by the BLM as the first oil “discovery” in Western Nevada.
- Three exploratory wells have been drilled with one currently producing oil.
- Potential reserves calculated at 139,000,000 barrels in one shallow geologic zone.
- Geologic reports indicate potential reserves in a deeper formation at over 1 billion barrels.
- Over $10,000,000 has already been invested in this project.
- Looking for a $5 million to $10 million investment to drill additional wells in the producing zone to increase the current production and an exploratory well to the deeper formation. Negotiable on terms.