Oil & Gas Development Project with High IRR in California

This listing presents an opportunity to invest in the acquisition and development of nine upstream oil and gas properties located in Kern County, California. The project aims to acquire existing production across 10 oil fields, with plans for significant improvements and development. Key features include long-lived assets with over 20 years of projected commercial production, high-quality light gravity oil and rich gas reserves, and an anticipated Internal Rate of Return (IRR) of approximately 45% driven by low lifting costs. An innovative aspect of the project is the integration of natural gas-fueled Bitcoin mining as an additional income stream. The management team possesses extensive experience in California oil and gas operations. The project also identifies behind-pipe oil sand for future growth potential beyond the initial acquisition and development phases. Current production is 290 BOPD, with an expected increase to over 500 BOPD within 22 months post-RTP plan completion.