This business plan has been developed to present Jurassic Petra Ltd. Corp., a subsidiary of Texcan Capital Inc. , to prospective investors and to assist in raising $3.5 million of equity capital needed to begin production growth to Fowlkes Station JP#1-18 project and future asset acquisitions.
The Company
Jurassic Petra is presenting this business plan as a startup company which is following the integrated approach of its principals in the Enhanced Secondary Oil and Gas Recovery (“ESR”) on Fowlkes Station JP#1-18 projects. The principals and their team have been involved in the Crude Petroleum and Natural Gas extraction industry for over 20 years. They have taken that experience and directly re-worked the Fowlkes Station JP#1-18 project and have oil production. The JP#1 -18 project assets are a substantive investment of this plan. Jurassic Petra owns 100% working interest.
The Fowlkes Station project has had a history of producing 1,014,414 barrels of oil. The JP#1-18 project portion has oil reserves, based on the Canadian recognized NI 51 -101 third party geologist report, recoverable in place of 384,750 barrels of oil and reserve behind pipe 752,006 million barrels of oil and provides a total probable reserve of 1.1 million barrels of oil. It is forecasted, conservatively, that the oil sales will be $1.5 million in the first year at $90/barrel and a steady growth to $3.2 million in the second year at $100/barrel and $3.5 million in the third year at $110/barrel.
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