PEL-TEX OIL COMPANY, L.L.C.
        ~ Exploring the Gulf Coast for Over 53 Years ~


Pel-Tex Current Activity

Pel-Tex has a 10 Well Exploratory and Development Drilling Program and is preparing to seek an Investing Partner or Partners. Potential interested parties are to contact Earl P. Burke, Jr. - earlburke@peltex.com
Description of each follows:

Summation Proposed Drilling Schedule

1. Big Mouth Bayou Sec. 28
Anticipated Reserves
Anticipated Daily Production
Projected Sale Value
Spud
Complete
81 Days
On Production 3 to 4 months
Estimated Payout 6.5 months
14,200' TVD Land Directional
49.7 BCFG + 596,400 BC
20 MMCFG/D + 240 BC/D
$2.30/MCFG + $100Bbl Condensate
DHC                     $5,749,000             100% WI
CWC                    $1,492,000             100% WI
Prod. Facility       $   795,000             100% WI
Total Well Cost    $8,036,000            100% WI

 

2. East Cheniere Perdue
Anticipated Reserves
Anticipated Daily Production
Projected Sale Value
Spud
Complete
82 Days
On Production 3 to 4 months
Estimated Payout 5.2 months
14,000' TVD Land Directional
44.5 BCFG + 900,000 Bbls. Condensate
20 MMCFG/D + 400 Bbls. Condensate
$2.30/MCFG + $100/Bbl Condensate
DHC                     $5,514,000             100% WI
CWC                    $1,205,000             100% WI
Prod. Facility       $1,055,000             100% WI
Total Well Cost    $7,774,000            100% WI

 

3. Little Cheniere
Anticipated Reserves
Anticipated Daily Production
Projected Sale Value
Spud
Complete
197 Days
On Production 3 to 4 months
Estimated Payout 3 months
22,000' TVD Land Directional
4.3 Trillion CFG + 215 Million Bbls. Condensate
80 MMCFG/D + 4,000 BC/D
$2.30/MCFG + $100/Bbl Condensate
DHC                     $25,361,000             100% WI
CWC                    $  4,314,000             100% WI
Prod. Facility       $  1,000,000             100% WI
Total Well Cost    $30,675,000            100% WI

 

4. Bayou Cheniere
Anticipated Reserves
Anticipated Daily Production
Projected Sale Value
Spud
Complete
60 Days
On Production 3 to 4 months
Estimated Payout 12.8 months
12,300' TVD Land Directional
15.8 BCFG + 50,592 BC
11 MMCFG/D + 35.2 BC/D
$2.30/MCFG + $100/Bbl Condensate
DHC                     $4,566,000             100% WI
CWC                    $1,153,000             100% WI
Prod. Facility       $   800,000             100% WI
Total Well Cost    $6,519,000            100% WI

 

5. Pumpkin Ridge
Anticipated Reserves


Anticipated Daily Production
Projected Sale Value
Spud
Complete
262 Days
On Production 3 to 4 months
Estimated Payout 3.2 months
26,000' TD Land - Vertical Hole
8.4 Trillion CFG + 280,000,000 Bbls.Condensate
Miogy 5.6 TCFG + 280,000,000 BC (50 BC/MMCFG)
Wilcox 2.8 TCFG + No Liquids Anticipated
100 MMCFG/D - 5,000 BC/D
$2.3/MCFG + $100/Bbl Condensate
DHC                     $33,878,000             100% WI
CWC                    $  4,857,000             100% WI
Prod. Facility       $  1,500,000             100% WI
Total Well Cost    $40,235,000            100% WI

 

6. Big Mouth Bayou Sec. 20
Anticipated Reserves
Anticipated Daily Production
Projected Sale Value
Spud
Complete
57 Days
On Production 3 to 4 months
Estimated Payout 11 months
12,400' TVD Land Directional
30.6 BCFG + 122,400 Bbls. Condensate
12 MMCFG/D + 48 BC/D
$2.30/MCFG + $100Bbl Condensate
DHC                     $4,566,000             100% WI
CWC                    $1,153,000             100% WI
Prod. Facility       $1,000,000             100% WI
Total Well Cost    $6,719,000            100% WI

 

7. Cheniere Perdue Ridge
Anticipated Reserves
Anticipated Daily Production
Projected Sale Value
Spud
Complete
64 Days
On Production 3 to 4 months
Estimated Payout 6.2 months
12,250' TVD Land Directional
35.6 BCFG + 356,000 Bbls. Condensate
15 MMCFG/D + 150 BC/D
$2.30/MCFG + $100Bbl Condensate
DHC                     $5,078,000             100% WI
CWC                    $1,404,000             100% WI
Prod. Facility       $   870,000             100% WI
Total Well Cost    $7,352,000            100% WI

 

8. Big Mouth Bayou Sec. 29
Anticipated Reserves
Anticipated Daily Production
Projected Sale Value
Spud
Complete
64 Days
On Production 3 to 4 months
Estimated Payout 13 months
12,500' TVD Land Directional
29.7 BCFG + 95,040 Bbls. Condensate
12 MMCFG/D + 26.9 Bbls. Condensate
$2.30/MCFG + $100Bbl Condensate
DHC                     $4,989,000             100% WI
CWC                    $1,192,000             100% WI
Prod. Facility       $   790,000             100% WI
Total Well Cost    $6,971,000            100% WI

 

9. East Pumpkin Ridge
Anticipated Reserves


Anticipated Daily Production
Projected Sale Value
Spud
Complete
262 Days
On Production 3 to 4 months
Estimated Payout 3.2 months
26,000' TD - Vertical Hole
6 Trillion CFG +200,000,000 Bbls.
4 Trillion CFG +200,000,000 Bbls-Miogyp Sand
2 Trillion CFG No Liquids Anticipate- Wilcox Sand
100 MCFG/D + 5,000 BC/D
$2.30/MCFG + $100Bbl Condensate
DHC                     $30,995,000             100% WI
CWC                    $  4,626,000             100% WI
Prod. Facility       $  1,500,000             100% WI
Total Well Cost    $37,121,000            100% WI

 

10. Little Pumpkin
Anticipated Reserves
Anticipated Daily Production
Projected Sale Value
Spud
Complete
69 Days
On Production 3 to 4 months
Estimated Payout 17 months
11,600' TVD Land Directional
10 BCFG + 40,000 Bbls. Condensate
10 MMCFG/D + 40 BC/D
$2.30/MCFG + $100Bbl Condensate
DHC                     $5,937,000             100% WI
CWC                    $1,355,000             100% WI
Prod. Facility       $   865,000             100% WI
Total Well Cost    $8,157,000            100% WI

Potential interested parties are to contact Earl P. Burke, Jr. - earlburke@peltex.com