We are wanting to acquire a gas property in California.
The Sawyer Group, LLC has identified an acquisition in northern California, consisting of 7 active producing gas wells and 1 shut in (idle) gas well on a 1,000-acre lease. Several gas prospects were discovered on the lease in 2003 via a 3-D seismic investigation, and 5 wells were drilled over an 18-month period. The Site Project has the potential to increase revenue through a recompletion, a new flowline, and buying a compressor, as well as re-drilling a plugged well. The total cost of the project is $525,000 without the re-drill, and $1,175,000 with the re-drill. The Sawyer Group LLC will manage the project.
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