Oil & Gas Exploration Rio Blanco

ALRECCO USA invites Oil and Gas  exploration, drilling and operating companies for exploring these Minerals on our 977 AC  Authorized lease, Parcel No 8394, BLM COC # 079338  located in USA  Colorado state. The land is located in Rio Blanco County, Meeker CO, section 1 and 12, T2NR96W along county road 142, 5 miles north of highway 64. Please respond and indicate your interest for a possible joint Venture.

  1. Estimated Project cost for fiscal year 2020: $20 Million

  2. Exploration & Site survey: $ 20,000

  3. Drilling and development Cost: $ 18 Million

  4. Oil field management and Operations: $1 Million

  5. Expected barrels per day: 1000

  6. Expected Crude oil sale per day: $60.00 / barrel

  7. Estimated annual Value: 60*1000*300: $18 Million

  8. Expect NOI and Profit after 10% Cost of Production: $16 Million

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