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SOURCE Lexstar Energy
FRISCO, Texas, Oct. 9, 2013 /PRNewswire/ -- Lexstar Energy announces the Woodbine Ridge Joint Venture in East Teas. Lexstar Energy has partnered with Bandera, Inc. to refurbish and re-complete five (5) existing wells and to drill one (1) new well to create this oil and gas investment opportunity.
The $1,800,000 venture features 20 units of joint venture interest at $90,000 per unit and a minimum purchase of $22,500 for 1/4 unit. Conservative estimates (250 barrels per day at $90 per barrel) could provide $5,063 in monthly revenue per unit allowing investors to recoup the initial investment in less than 18 months. After applying the First Year After-Tax Annual Rate of Return, return would be 102.74% in 12 months.
Investments in the Woodbine Ridge Joint Venture could potentially be tax deductible depending on each investor's tax situation. Deductions come from tangible and intangible drilling costs. Intangible costs include labor, chemicals, etc. Approximately 60-80% of intangible costs come in the first year. Tangible costs include equipment and are depreciated over a seven-year period.
The venture qualifies for Self Directed IRA's.
"It's very possible to encounter a large percentage of oil that may have been left behind in our leases in this field," said Jeremy A. Paul, CEO of Lexstar Energy. "The venture has great upside. I invite accredited parties to review the opportunity and to get involved in energy production with Lexstar."
"Lexstar Energy has partner and investor references to help you get to know us and those we do business with better."
For more information and to invest in the project visit the Lexstar Energy website at www.lexstarenergy.com.
About Lexstar Energy
Lexstar Energy, LLC. is an independent oil and natural gas producer located in Frisco, Texas. Lexstar Energy was founded to pursue opportunities in exploration, development and production of oil and gas reserves throughout Texas and the Louisiana Gulf Coast Regions.
All information is provided for informational purposes only and considered "as is," -- not intended for trading purposes or advice. The securities may be sold only to accredited investors, which for natural persons, are investors who meet certain minimum annual income or net worth thresholds. The securities are being offered in reliance on an exemption from the registration requirements of the Securities Act and are not required to comply with specific disclosure requirements that apply to registration under the Securities Act. The Commission has not passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials. The securities are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities. Investing in securities involves risk, and investors should be able to bear the loss of their investment.
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