Private Markets

Mesa-Marshall 2 Well Project

Offering at a Glance:

Overview:

MESA Resources ("MESA") is sponsoring the development of the two well direct drilling project -- "Mesa-Marshall #1-2". MESA, founded in 1992, is engaged in the acquisition, exploration and development of oil & gas resources in central Texas, specifically McCulloch County. MESA has acquired the leases related to this Project located 12.8 miles Northwest of Brady, Texas. The prospect acreage for Mesa-Marshall #1-2 is on the Western Flank of the EXOC field (or Appleton Field).

MESA is offering a unique opportunity for accredited investors to participate in the drilling and testing of two, shallow vertical wells in an area of known production. Investors in Phase 1 will be granted a greater proportionate return than investors in Phase 2 and will be allocated the maximum allowable IDC tax benefits for the entire project.

Mesa Operating LLC, will begin the drilling & testing of the Mesa-Marshall #1-2 wells per the terms of the Company's offering agreement.

  • Company: Mesa-Marshall #1-2, a Texas general partnership that upon "first production" converts to ownership in CF0005, LLC d/b/a Mesa-Marshall #1-2, a limited liability company, formed December 21, 2016.
  • Ownership: Upon completion of the wells, Phase 1 and Phase 2 investors, combined, will own 92% of Working Interest, Before Payout (BPO) and 80.5% Working Interest, After Payout (APO).
  • Project Sponsor: MESA Resources, Inc., a Nevada corporation.
  • Project Location: Appleton Field, Marshall Lease, McCulloch County, Texas. 31º 19' 11.02'' N - 99º 24' 39.49" W. Elevation 1574 ft.
  • Payout Model: Reg D 506(c) Phase 1 investors receive 62.56% of working interest before payout (BPO) and 54.75% of working interest after payout (APO)
  • Well Description: Two shallow, vertical wells targeted to 1,700 feet.
  • Formation Objectives: Strawn Sands and Lime, Caddo Lime, Marble Falls, Ellenburger.
  • Project Drill, Test, and Completion: Turnkey drill and test and turnkey single zone completion with option to complete to another zone.
  • Economic Viability: According to the Project Sponsor economic analysis, an estimated net recovery of 42,664 boe should provide $1,621,145 net revenue to Company, of which Phase 1 investors should receive $1,102,379 over the lifespan of the project.
  • Estimated Payback: 37 months from completion.
  • Estimate Project Lifespan: 20 years

NOTE: THE ABOVE PROJECTIONS INCLUDE AMORTIZATION OF INITIAL INVESTMENT. NO GUARANTEE OF SUCCESS. PRODUCTIVE LIFE OF WELL IS UNCERTAIN. OIL WELLS ARE INHERENTLY RISKY BY NATURE.

* For a definition of above terms, see Crudefunders OIL GLOSSARY

** There are many risks associated with drilling, testing, and competing an oil well, such as: operational risks, access to pipeline infrastructure and marketability of oil and gas. For a more complete list of risks, review the PRIVATE PLACEMENT MEMORANDUM.

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