Triple Diamond No.3 Joint Venture
Executive Summary
- 2 well Controlled Step-Out oil and natural gas program in Garvin County, Oklahoma [1]
- TDE and Owners of TDE invest financial dollars in every project shoulder to shoulder w/investors [1]
- Garvin County is the 5th largest producer of oil (by county) in state of Oklahoma [4]
- In 2006 & 2007, 85.4% of wells drilled in Garvin County produced oil or gas (134 of 157) [4]
- Key Well – Jimmie R. Winchester #4 has produced 778,000 barrels of oil since 1979 (still in production)
- The Oil Creek Sand has produced over 24 million barrels of oil in Garvin County since 1979
- Geologist and Petroleum Engineer projecting 100+ BOPD / Well
- At 50% of Geologist’s Forecast – 20.7% Annual R.O.I. [1] [2]
- Projected 12 year R.O.I. – 3.3x initial investment up to 5.0x initial investment [1] [2]
- Tax Benefits for 2009 – Estimated 15K+ tax cash savings / unit invested [3]
- Our Management Team & Prior Activities-see pages 21-22 in Confidential Investor Memorandum or go to www.TDEcorp.com & click on “Our Team” link
The Triple Diamond total investment will be $4,470,000. There will be a total of 75 units sold at a total of $59,600. The investment is comprised of drill and test portion at $33,000 dollars per unit and the completion and equipping portion of $26,600. The minimum investment is a half unit.
[1] Controlled Step-Out means “Drilling 1 spacing unit away from production in targeted formations using surrounding well control”, BOPD means “Barrels of Oil per Day”, R.O.I. means “Return on Investment”, TDE means “Triple Diamond Energy”
[2] Assumes 28 days of production / month 12 months / year, 75% hit rate, & $75 oil
[3] Assumes 75% Intangible Drilling Cost & 35% Federal Tax bracket
[4] Per the Oklahoma Corporation Commission Oil & Gas Conservation Division in their 2006 & 2007 Annual Summary of Completions by Counties and 2006 & 2007 Annual Liquids & Gas Runs in Barrels and MCF
The above production and revenue projections are not guaranteed. The actual amount of oil produced, the price that may be received for the oil, and expenses may vary materially from the projections. See the Confidential Information Memorandum, including risk factors described therein, for a complete description of the Joint Venture.
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Stuart Falkin
70 Jackson Dr.
P.O. Box 870
Cranford, NJ 07016
Tel: (908) 709-0909 Ext: 217
Fax: (908) 709-8201