Lost Lake/Goose Creek Project

Mature legacy assets with ability to quickly restart production in low cost region.

American Patriot has a 100% gross working interest and between 75-81% net revenue interest in the Lost Lake and Goose Creek projects, which cover 340 net acres in the Harris and Chambers counties of Texas.

Project Highlights:

  • Production is currently shut-in but can be quickly restarted to 50bopd
  • 1P proven reserves of 244 mboe
  • 65 oil wells all producing from Miocene zones/Salt domes at depths of 1200-3860 feet
  • Operating costs in this region are around $22/bbl, making wells economic at low prices
  • Cumulative production of 3.1 mmbl oil /230 mmcf gas since the 1950s
  • The primary focus is to return the shut-in wells to production and rework behind pipe zones
  • Existing 2D seismic has identified 8-10 additional infill drilling sites
  • Infill drilling to target 50-100 boepd per well
  • Wells are fully equipped with pipelines and existing infrastructure in place

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