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.
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Estimated Project cost for fiscal year 2020: $20 Million
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Exploration & Site survey: $ 20,000
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Drilling and development Cost: $ 18 Million
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Oil field management and Operations: $1 Million
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Expected barrels per day: 1000
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Expected Crude oil sale per day: $60.00 / barrel
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Estimated annual Value: 60*1000*300: $18 Million
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Expect NOI and Profit after 10% Cost of Production: $16 Million
