Lindrith
Executive Summary
San Juan Basin Multi Formations
Mancos--Unconventional Oil (3 zones)
Dakota--Conv, Unconv (2 zones)
Pictured Cliffs--Unconventional Gas
Rio Arriba & Sandoval Counties, New Mexico
- Surrounded by 50 MMBO, 200 BCF
- 10,000 Acres (leasehold and HBP)
- Re-enter Regina Ranch well, est EUR of 35 MBO
- 2 approved APD's-- Sec 23, 24: T24N, R2W, ready to drill
General Overview:
San Juan Resources' owner Jerry McHugh, Jr. has been involved in the San Juan his entire career and is keenly familiar with the hydrocarbon rich Lindrith area. Majority of the acreage resides in a vertically developed area south of Gavilan Mancos, west of Puerto Chiquito (West) Mancos, east of Lindrith Gallup Dakota Pools, north of Rio Puerco Mancos Pool. SJR operates several wells in Lindrith and offers the project to investors to join at favorable arrangement to earn and develop additional acreage. SJR plans to drill and recomplete for Mancos and Dakota oil and gas. (Shallower Pictured Cliffs gas is also prevalent.) We will be doing several things:
A) Commence lower cost re-entry of existing well (Regina) in the Mancos which has had favorable swab tests. SJR is re-entering the Regina Ranch 32 #1 well in the Mancos. Fall 2019
B) Drill on SJR North Block —test 2 Dakota zones, 3 Mancos zones, and Pictured Cliffs: SJR has JV with partner who will operate and drill Dakota/Mancos wells on North Block. Fall 2019.
C) Pending data put on production or consider HZ options in Dakota or Mancos. SJR partner to follow up with Mancos HZ wells in North Block in Summer of 2020.
Lease Terms:
Majority are 2012 paid up 5 yr leases + 5 yr extension or 10 year federal leases. Most leases expire 2022-24. Delivered NRI -79% .
Contact Jerry at jmchugh@sanjuanbasin.com for additional information, access to data room, and presentation.
