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This section contains projections and other forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S.Securities Exchange Act of 1934. These projections and statements reflect the Company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain factors.
Permian basin- Glasscock CTY
W Corporation Limited has identified an opportunity to enter the prolific Midland Basin in Glasscock County. Vertical wells hold acreage and offer consistent production & cash flow. There is capacity in place to help facilitate future horizontal development. 64 vertical wells on production across the leasehold providing ample well control and a production base of ~1,323 Boe/d (88% oil). PDP value is $79,885,000 (price deck of $49.25) PDNP $38, 995,000,
Permian Basin - eastern shelf
W Corporation Limited, in its' continued efforts to increase acreage position and operational profile, is in final negotiations to complete a corporate acquisition of an oil and gas concern with acreage and operations located in the Permian Basin - Eastern Shelf area. The deal, once finalized, will add current production, substantial P1_P2 reserves (4,466 MBBL, 21,122 MCF) and over 5,100 acres of STACKED pay assets to the company portfolio.
In executing its' strategic business plans, W Corporation Limited has identified and is currently in process to acquire certain upstream and midstream assets located in the Mid-Continent. Upon close set for late Q1 2018, the company will add significant acreage, substantial P1_P2 reserves (7.2 Million + barrels), currently producing assets, upstream - midstream growth and planned infrastructural scalability to its' current asset position.
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