LAKONIA CAPITAL UPDATES
We are pleased to announce another successful well with Gober Operating in Throckmorton County, Texas. The Manuel #2 well was successfully completed in June 2019. On June 14, 2019, Drillinginfo reported the initial production test for the well of 22 barrels of oil per day. As of August 12, 2019, the well is producing 29 barrels of oil per day. The first cash distribution was made to the investing partners on September 6, 2019.
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The 180-acre Manuel Lease now has two producing wells, and the third drilling location the LC GoOpCo Manuel #3, LP is permitted and prepared for the arrival of Lindemann Drilling Rig #2. The Manuel #3 will be the final well to be drilled in the 180-acre Manuel Lease. -CURRENTLY FUNDING-The LC GoOpCo LaMyrias #1, LP is another Mississippian prospect to be drilled in Throckmorton County, Texas. The 160-acre LaMyrias Lease is contiguous to the 180-acre Manuel Lease, and has two 3-D seismic documented prospects to be drilled. The same proven 3-D seismic data used to strike oil on the Manuel #1 and #2 is being used again to drill the LC GoOpCo LaMyrias #1, LP The LC Arrowhead Marble Falls #1, LP an exciting new partnership with Arrowhead Productions in Parker County, Texas in now available for purchase. The project is centered in a prolific area of the Barnett Shale developed by EOG. The project plan is to re-complete the Marble Falls formation up hole in the vertical section of Barnett Shale wells. This partnership represents significant value as investors will benefit from over 500 million in capital invested by EOG to develop the area including geoscience, micro seismic, well logs and oil and gas production infrastructure in place to deliver the oil and gas immediately to sales. Please let us know what we can do to make your experience with Lakonia Capital better.