Location: Texas | Formation: 4'500 feet
Double Hill is a production facility thriving on our existing partnerships with professional and experienced partners. What distinguishes the Double Hill Lease from other projects is the fact that it is located on a so-called "Ellenburger-High". This means that the formation is higher than the surrounding areas and there are at least 3 additional zones associated with Double Hill where more oil can be produced. Since oil is always "floating" in an oil-bearing formation, is the most productive area of any possible formation.
Double Hill is unrivalled in the production arena having yielded positive results at exploration. In a mere few months since launch we’re seeing a credible revenue, liquidity and an increased company value resource. In addition, the Double Hill Lease has two existing drill holes, which were not completed but seem to have great potential. Considering the typical high cost of drilling and exploring an oil source, the cost of a well in this case is significantly lower. Our team expects to be able to complete both wells for about USD 250,000, which represents a 50% cost savings.
Want to take that next step in share-holder maximization? You can request more information including a geological report from our financing partners.