In 2012-2013, Black Legend Capital structured a joint operation with a Shanghai fund on four leases, approximately 3,000 acres in Guadalupe County, TX. The project consisted of 75 work-overs, and a new drilling program with up to 50 development drilling locations.

Estimated Proved Developed Producing (PDP) reserves in the 75 work-overs were up to 5.1 million barrels of oil from the Pecan Gap & Taylor formations. Upside reserves were present in other formations such as Austin Chalk, Eagle Ford, Buda, and Edwards. Estimated Proved UnDeveloped (PUD) reserves in the new development drilling locations were up to 10.8 million barrels of oil.