PP

CHOLLA SELLING PRODUCTIVE GAS LEASES

Producing Properties

All Standard Disclaimers Apply & Seller Rights Retained


NORTH TEXAS WELLS FOR SALE

23-Wells. 3,311-Net Acres. All HBP.

SHALLOW GAS RESERVES

Palo Pinto, Clay, Montague,

Stephens, & Wise Cos.

MARBLE FALLS & CONGLOMERATE

LOW RISK. MULTIPAY PROJECT.

40+ Shallow Zones w/ Oil & Gas Potential

100% OPERATED WI & 78% NRI

Gross Production: 5.6 BOPD & 343 MCFD

Net Production: 294 MCFED

Behind Pipe & Other Upside Opportunities

SELLER HAS SET NEW ASKING PRICE

PP 6900DV

Summary:
Cholla Petroleum, Inc. is seeking to divest certain Fort Worth Basin shallow gas properties located in Palo Pinto, Clay, Montague, Stephens & Wise Counties, Texas.

This sale package includes 100% operated WI & 78% NRI in 23-total wells (20-Active) producing from the Marble Falls and Conglomerate formations. Cholla's acreage position spans 3,311-net acres (100% HBP). Gross production is 5.6 BOPD & 343 MCFD (376 MCFED 6:1) with net production of 4.4 BOPD & 268 MCFD (294 MCFED 6:1).

Potential Upside:
Cholla has identified numerous behind pipe and recompletion opportunities on the property to increase cash flow. 40+ shallow oil and gas zones have been identified as having potential to produce in commercial quantities upon further testing.

Updates:
A. Cholla Presentation & Quicklook has been updated in 01. Summary & Introductory folder.


TO LEARN MORE
Energy Advisors Group
Ms. Carrie Calahan
Associate
5120 Woodway Dr Ste 10010
Houston, TX 77056
Phone: 713-600-0123 Direct: 713-600-0137
-----Email: [email protected]

Questions Regarding This Asset? Email Carrie Calahan or call EAG at 713-600-0123
Virtual Data Room

NORTH TEXAS WELLS FOR SALE

23-Wells. 3,311-Net Acres. All HBP.

SHALLOW GAS RESERVES

Palo Pinto, Clay, Montague,

Stephens, & Wise Cos.

MARBLE FALLS & CONGLOMERATE

LOW RISK. MULTIPAY PROJECT.

40+ Shallow Zones w/ Oil & Gas Potential

100% OPERATED WI & 78% NRI

Gross Production: 5.6 BOPD & 343 MCFD

Net Production: 294 MCFED

Behind Pipe & Other Upside Opportunities

SELLER HAS SET NEW ASKING PRICE

PP 6900DV

Summary:
Cholla Petroleum, Inc. is seeking to divest certain Fort Worth Basin shallow gas properties located in Palo Pinto, Clay, Montague, Stephens & Wise Counties, Texas.

This sale package includes 100% operated WI & 78% NRI in 23-total wells (20-Active) producing from the Marble Falls and Conglomerate formations. Cholla's acreage position spans 3,311-net acres (100% HBP). Gross production is 5.6 BOPD & 343 MCFD (376 MCFED 6:1) with net production of 4.4 BOPD & 268 MCFD (294 MCFED 6:1).

Potential Upside:
Cholla has identified numerous behind pipe and recompletion opportunities on the property to increase cash flow. 40+ shallow oil and gas zones have been identified as having potential to produce in commercial quantities upon further testing.

Updates:
A. Cholla Presentation & Quicklook has been updated in 01. Summary & Introductory folder.


TO LEARN MORE
Energy Advisors Group
Ms. Carrie Calahan
Associate
5120 Woodway Dr Ste 10010
Houston, TX 77056
Phone: 713-600-0123 Direct: 713-600-0137
-----Email: [email protected]

Questions Regarding This Asset? Email Carrie Calahan or call EAG at 713-600-0123