Seeking to reduce the costly risks of finding and drilling oil reserves and to deliver better financial returns for potential accredited investors, Krupesh LLC, an innovative oil and gas exploration company, today announced its Regulation D, 506 (C) investment offering up to $2.5 million (https://www.manhattanstreetcapital.com/ksk-oil-gas).
The primary focus of North Carolina-based company's current operations is in Rockdale, Texas where it looks to develop 8 wells (6 oil, 2 water injection) in Milam County, as part of the historic Minerva-Rockdale oil field known as the "Sleeping Giant." Krupesh LLC, http://www.krupeshoilandgas.com, will sell 250 units under the name KSK Oil and Gas LLC. The Minerva-Rockfield oilfield has already produced more than 7 million barrels of oil. Many experts believe the oil recovered from the area in the next decade can surpass all that has been produced previously, said Sarvesh K. Patel, founder and president of Krupesh LLC.
"Our company's difference can be found in our strategic approach to operations which are designed to deliver better financial returns and a lower risk profile," said Patel. "We only operate in areas where historical production shows oil and gas hydrocarbons are present, such as in the Eagle Ford Shale lower zones in the Minerva field, and that have immediate offset potential for more wells."
Top investor benefits for the Krupesh LLC offering include:
First year's estimated return on investment is up to 33-67 percent due to the tax benefits of being able to write off almost 80 percent of initial year's investment as intangible drilling costs.
Estimated 10-year average ROI is up to 15-33 percent per year.
15-20 years average life of well as the formation is fed and replenished from faults and crevices beneath the oil field.
Proven field with 4 pay zones (Sand A, B, C, and D), higher drilling success due to shallow zone, high-quality, high-gravity oil (38.5 to 39.5) that sells at a premium to West Texas Intermediate (WTI) – a.k.a "Sweet Crude."
Close proximity and access to major refineries.
Enhanced recovery potential from water-flooding leading to an approximate 5-10 percent increase in oil production.
SEC compliant offering with personal time and money at stake.
Premium investment opportunity to become a part of the already proven Minerva-Rockdale oil field.
Krupesh LLC contracted with an independent company, 3 K Oil Trust, to perform a geological survey of its lease, employing innovative passive transient pulse measurement (A-EM/PTP) technology. PTP's are sourced mostly by lighting activity worldwide at a known rate of about 80 strikes per second, which is based on a NASA project conducted in the late 1990s. The survey technology employs a single, compact antenna on board an aircraft and a conventional digitizing USB type audio digitizer to receive and record the transient pulses that can be used to map and identify hydrocarbon reservoirs.
ABOUT KRUPESH LLC
KRUPESH LLC is a North Carolina-based company with ground operations in Rockdale, Texas. As an exploration company operating in the heart of the U.S. oil and gas market, our subsidiary company KSK Oil and Gas LLC's primary focus of operations is to lease, drill and operate underdeveloped oil and gas prospects in Texas. For more information, please visit http://www.krupeshoilandgas.com
SOURCE Krupesh LLC