Scurry County Energy Fund ThreeSCEF III
- A $15M oil well drilling program in the Permian Basin targeting the Strawn Sand and Penn Black Shale ("PBS")
- Adjacent to our SCEF I project with its producing Dessie and Kate horizontal wells in the same Strawn formation
- Up to 80% year-one Intangible Drill Cost (IDC) deduction*
- IRR greater than 65% @ $45/bbl oil, currently profitable at $30/bbl with anticipated reserves and drilling costs (see following regarding forward looking statements in Disclaimer)
- Proven financing program to maximize value
- Estimated 26M to 35M bbl of oil in place per square mile in the PBS†
- Seasoned operator with 20 years experience in the Permian
*Please see tax section of PPM
†NuTech Energy Resources and Schlumberger
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