Colorado Oil and Gas Workover and Re-Entry Project

This listing details an investment opportunity in the oil and gas sector, specifically focusing on workover and re-entry operations within the Adena field in Colorado. The project aims to enhance production from existing wells and restart operations in older ones. Currently, 39 wells are active, producing approximately 50 barrels per day. The company is seeking $28 million in equity to fund workover and re-entry initiatives. The strategic objective is to increase daily production to 1,000 barrels within 18 months, with a target of sustained production for at least five years. The expansion plan includes bringing a total of 90 wells online, each expected to produce between 15-20 barrels per day. Investors will receive a 97% working interest, with projected returns of approximately $35 million over the first two years, after accounting for royalties, severance taxes, ad valorem taxes, and operating expenses. While the client is open to a debt hybrid structure, equity investment is strongly preferred.