We currently have 110k acres under lease in the Wet gas/ oil region of the Utica shale play in Ohio and Wv. We currently are in the process of completing due diligence and curative and are almost complete. Due to the "Ohio Title Epidemic" we have found it very labor intensive and expensive to obtain permittable acreage that can be drilled immediately following reassignment. We have carved ourselves a niche. This allows us to work as an intermediary to supply clean, clear permittable acreage at a much more reasonable cost than what is found on the secondary market. There has been an immense amount of money $10 Billion+ in midstream investments that will allow for Worldwide distribution of not only Oil/gas but also products like LNG, CNG, and other petrochemicals that will be produced from the cracker, fractionalization, and processing facilities that are online or coming online in the next few years This ensures no shut in while waiting for the processing capabilities to meet the production capabilities.
This is an opportunity to get into The most Prolific and Profitable Shale Play in the world, at a fraction of the cost of typical acreage from a Major E&P that are currently in the play like Exxon, Chevron, CHK, Shell, or BP to name a few. All of the pre mentioned companies set up their base of operations just across the river from us in Marrietta Ohio. This is no mistake as a lot of the processing facilities are going along the river adjacent to existing industrial complexes and transportation HUBS, allowing for easy Worldwide distribution. We have 60,000 acres in the counties east and west of the processing and cracker facilities. Putting us in a better position than any other company currently acquiring UTICA Wet gas/ Oil region acreage. Most of the acreage that we have in our portfolio will also allow for multiple payzone production, with proven production from 4-6 other proven oil/gas shale. This is going to ensure a very high ROR and give u the largest ROI. Range resources and Royal Dutch Shell had just completed a JV on a multiple payzone well that showed extremely encouraging numbers. The upside is huge and the downside is minuscule. We also have some evaluations and projections that will show accurate assessments and realistic returns with a few different options including Exploration and Production.