In 2014, Black Legend Capital acted as a consulting advisor on the acquisition of a producing asset opportunity in Oklahoma. Net production was approximately 1,300 BOEPD from multiple, stacked shallow oil reservoirs. The property included over 77,000 gross acres of de-risked, mostly contiguous leaseholds in Oklahoma.
Proved Developed Producing (PDP) net reserves 3.6 MMBO and 6.6 BCF; estimated Proved Non-Producing net reserves 570.8 MBO and 2.3 BCF; and estimated Proved UnDeveloped (PUD) net reserves 9.5 MMBO and 32.0 BCF from offset 10 acres drilling locations.