In 2012-2013, Black Legend Capital structured a partnership on one lease of approximately 400 acres in Caldwell County, TX. The project consisted of 21 work-overs and a new drilling program with 20 development drilling locations.

Estimated Proved Developed Producing (PDP) reserves in the 21 work-overs were 521,850 barrels of oil from the Austin Chalk formation. Upside reserves were present in other formations such as the Edwards. Estimated Proved UnDeveloped (PUD) reserves in the new development drilling locations were 1.1 million barrels of oil from the Austin Chalk formation alone.