CURRENT INVESTMENT OPPORTUNITIES

UTAH

OIL & GAS with helium potential

Grand County, Utah

Cisco
Exploitation

Cisco Dome
Cisco Springs
Cisco Wash

PROJECT OVERVIEW

RFP owns and operates 90+ wells in the Cisco area and controls the entire gathering system (100+ miles) and the only active tap for 40 miles.  A number of wells have been shut-in because of their high nitrogen content and extraction of nitrogen from these wells could add  2 to 3 MMCFGPD and 100 BOPD to RFP’s current area production of 750 to 1,500MCFGPD.  A nitrogen stripping plant currently tied to an inactive tap will be relocated to the active one and the inactive wells reworked and brought back on-line.  RFP has the opportunity to procure adjacent acreage with Nitrogen and Helium potential in the future.

Due Diligence

28 BCF of gas and 2+ MMbbls of oil has been produced from the Cisco area. Harley Dome, to the immediate west, has produced 42,393 MCF ($12.6M) of helium from the Entrada Sandstone. RFP has several existing proprietary seismic lines, numerous gas samples with Helium analysis, proprietary aeromagnetics and interpretation, and several surface geochemical surveys for hydrocarbons and helium that supports the strong potential for the area.  A  110mi  seismic shoot is currently in process. Six wells are being permitted to test the Entrada Sandstone in the Cisco Springs area: two locations for oil adjacent to existing producers, and four for Helium.  The main Williams interstate line through the Cisco area is at only 25% of capacity,

Deal Terms

RFP is offering a 20% interest share of its 20% carried working interest in their project with Starfox Helium .  Leases are 80% Net Revenue Interest in the Cisco Springs area and 75% Net Revenue Interest in the Cisco Dome area.  The cost to fix the tap facility, move the nitrogen plant, and re-work of the shut-in wells,  through to the production of oil and natural gas and development of Helium in the Entrada reservoir is fully funded by RFP’s partners.

MONTANA

OIL & GAS

Garfield County, Montana

Mosby
Development

Cat Creek
Mosby Dome East

Project Overview

Running Foxes Petroleum will drill 12 new, shallow wells in the Mosby Dome East field of the Cat Creek area in Garfield County, Montana to the Amsden Formation less than 2,500′ in depth. Existing field production from 2 wells has yielded 5 Million barrels of oil (MMBOE) with a probable recovery of 2-4 MMBO from the additional 12 proposed wells.

Due diligence

Cat Creek Oil Field is the collective name for four small oil fields (West Dome, Mosby Dome, Antelope Dome, and East Dome) extending for 12 miles along the axis of Cat Creek Anticline in Petroleum and Garfield Counties, Montana. Topography is typical of the semiarid high plains of central Montana, dissected by tributaries of the Musselshell River.  Cat Creek is one of these tributaries and extends westward along the axis of the anticline. An estimated 24 million barrels of oil have been produced from 150 oil wells over the area’s production history and volumetric calculations estimate  22 MMBO remain in place.  Proposed well locations were chosen based on surface geochemical surveys, bore samples, 3D seismic, and Geostatistical Analysis as defined by the ArcGIS toolset.

Deal Terms

Buyer pays a turnkey price per well and receives monies back  based on that well’s individual performance. 15% Royalty Interest is converted to Working Interest for RFP after investor payout (BIAPO).  delivering a 75% NRI. 

KANSAS

OIL

Leavenworth, Kansas

Leavenworth
Waterflood

Apple Valley
Leavenworth East

Project Scope

Development program will drill 6 new wells to a depth of 2,900′ to offset 4 currently producing wells over 1 year. The 6 new wells will yield an additional production of 546,000 BO: 276,000 BO recoverable from 2 Hunton completions and  270,000 BO from 4 Viola completions. Based on the log performance from the producing wells, an initial production of 50 to 125 BOPD is expected.

 

Due Diligence

The proposed 6 wells are placed within the Hunton & Viola where a combination of exploration sciences indicates the areas of largest volume of recoverable resource and lowest drilling and completion risk,  as indicated by the following combined analysis: Surface Geochemistry survey using Iodine indicates presence of microseepage; 2D Seismic shot over 10 miles shows complex series of wrench faulted structural closures; and Hydrocarbon Modulated Pulse Analysis that uses electromagnetics to find where oil columns are the thickest.  The field has already produced 227,000 BO from 4 wells.

Deal Terms

RFP is offering for sale 50% Working Interest with a 50% back-in after payout on an 75% Net Revenue Interest for the entire project amount. The 50% of total project cost is due at the time of signing the Purchase and Sales Agreement, the remainder paid in (2) 25% installments at agreed upon times.

MISSOURI

OIL

Atchison County, Missouri

Runamuck
Development

Runamuck

Project Scope

Development program will drill 6 new wells to a depth of 2,900′ to offset 4 currently producing wells over 1 year. The 6 new wells will yield an additional production of 546,000 BO: 276,000 BO recoverable from 2 Hunton completions and  270,000 BO from 4 Viola completions. Based on the log performance from the producing wells, an initial production of 50 to 125 BOPD is expected.  

Due Diligence

The proposed 6 wells are placed within the Hunton & Viola where a combination of exploration sciences indicates the areas of largest volume of recoverable resource and lowest drilling and completion risk,  as indicated by the following combined analysis: Surface Geochemistry survey using Iodine indicates presence of microseepage; 2D Seismic shot over 10 miles shows complex series of wrench faulted structural closures; and Hydrocarbon Modulated Pulse Analysis that uses electromagnetics to find where oil columns are the thickest.  The field has already produced 227,000 BO from 4 wells.

Deal Terms

RFP is offering for sale 100% Working Interest with a 25% back-in after payout on an 80% Net Revenue Interest for the entire project amount, plus a $100,000 prospect fee. The completion cost of  two wells must be paid up front. The cost of the remaining 4 wells can be paid over the next nine months as they are completed.

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RUNNING FOXES PETROLEUM

14550 East Easter Ave #100
Centennial, Colorado 80012

(303) 617 - 7242