Windsor Energy Resources Inc.

Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
0MM
Description

Windsor Energy Resources Inc. has retained Meagher Oil & Gas Properties Inc. to sell producing assets in multiple states in the Midcontinent, Rockies and Gulf Coast regions. The package involves all rights and interests including working interests and royalties in approximately 1,400 properties in Texas, Louisiana, Mississippi, Arkansas, Oklahoma, New Mexico, Kansas, Colorado, Wyoming, Montana, North Dakota and Michigan. Some 1,125 are producing properties, and 270 are operated by Windsor, with about 60% of the value from the operated properties. The wells are in active areas with approximately 40 well proposals per year. Proved reserves are 31.2 billion cubic feet equivalent. Net production for December 2009 is expected to be 8.15 million cubic feet and 284 barrels of oil per day. Monthly net cash flow is $1.23 million forecast for December. The previous 12-month average net cash flow was $2 million per month. The bid due date is Sept. 11. The effective date is Dec. 1. Closing is expected by Nov. 12. Contact Jacque Semple, 918-481-5900, ext 221.