The Pinnacle #16 Well
The Belton lease, located in Muhlenberg County, KY offers a very long history to draw from. When I say history, I mean it. Located on 3,000 plus acres, there are wells that were drilled early as 1939. That is nearly 80 years of information to dive into. From a genereal standpoint, I can reference and locate as many as 25 wells on the property. I will be using some different methods to locate more wells, which I believe are out there, but have been covered up and forgotten about.
This is the largest lease we have gotten to date. Conceivably, over 250 wells could be drilled on the property. Below, I posted a map. Although it is crude, it will give some idea of the scope of this operation. I manually added each dot on the map to represent a well. It is not to scale, but will work for illustartion purposes. Each yellow diamond is an existing oil well. As you can see, it is huge area to develope. Electric and roads are already in place as well, which is a big bonus.
This project will have 5 units. Each unit is a turnkey investment of $10,000 USD and will own 2% of production from the well for it's lifetime. I have already put six wells into production in the field over the last few months which cooroborate initial research numbers.
Belton Lease Muhlenberg County, KY 3,000+ Acres
The Pinnacle #16 New Well Location
Pulled Directly From Google Earth. Not Exactly To Scale
Cash Flow Potentials at bottom of the page
Well # 143072
No logs/No driller's logs
Original Discovery Well
Belton #1 Drill logs
The Below Numbers Represent An One-time Investment Of $10,000. The Numbers Are First year only.