Boettcher Prospect

The Boettcher Prospect, a large upthrown fault closure, is located 45 miles southwest of Houston in the Eocene Wilcox trend of southeast Texas. The prospective fault trap covers 995 acres updip to a strong gas show in the Total #1 Means well, which was drilled before the key 3D seismic survey was shot.

The potential reserves for the Boettcher prospect are 11.3 BCF equivalent to 16.1 BCF equivalent net to KEI. KEI will have 15% working interest in the project before payout of the first well then 11.25% in all subsequent operations. KEI's proportionate estimated costs are US$97,055 for land, US$813,750 drilling and, if successful, US$465,000 for completion.