LAKONIA CAPITAL UPDATES

NOVEMBER 2019
As the end of 2019 approaches we are continuing to develop the 180 acre Manuel Lease with GoOpCo in Throckmorton County, Texas. The lease has 2 wells cash flowing approximately 10 - 15 barrels of oil per day. The third and final well to be drilled on the lease is the Manuel #3. The Manuel #3 drilling location has been surveyed, permitted and prepared for the arrival of the drilling rig. At the same time, we are developing the 160 acre LaMyrias Lease which is adjacent to the Manuel Lease. Our plan is to complete the funding of the LC GoOpCo LaMyrias #1, LP and then drill the Manuel #3 and the LaMyrias #1 back-to-back.
Over the past 9 months we have drilled and completed 2 wells on the lease from which the Operator gained valuable information to help bring in the best wells possible going forward. We are also beginning a relationship with Arrowhead Productions in Parker County, Texas where we will attempt 3 re-completions in the Marble Falls formation. The Marble Falls formation is one of the most recent formations to be unlocked using modern fracking techniques. The partnership involves 3 Marble Falls re-completion attempts in the vertical section of previously drilled Barnett Shale wells.
View the complete partnership details including the EOG electronic logs and new OilWellStore.com software here LC Arrowhead Marble Falls 1 LP.
This 4th quarter of 2019 we are working to complete the funding of the partnerships we currently have open. You can learn everything about what we are doing by watching videos of us presenting the partnerships, and then you can subscribe online! If there is anything we can do to make your experience better please let us know. Thank you for your continued support and business.