| Description: The Masters Property is an institutional quality portfolio of fee minerals, oil & gas royalties and overriding royalty interests. This opportunity is suitable for accredited investors seeking income and real estate investors identifying a like-kind IRC Sec 1031 exhchange property: Highlights Include: $10,827,300 total offering (100 units @ $108,273) Minimum investment $27,068 Direct ownership by mineral deed assignment 180+ producing wells 85% gas, 15% oil Geographically diversified: 37,000+ acres in 32 counties in Texas, Oklahoma, Alabama, Louisiana and Mississippi Premier reservoirs include Barnett Shale, Haynesville Shale, Cotton Valley and Wilcox Sands Nationally recognized operators include BP America, Chevron Midcontinent, Exxon-Mobil, Encana, Hunt Oil and others Development potential: 75-100 additional drill sites. Additional cash flow may be realized from new wells, lease bonuses, reworks and uphole and downhole zones. Gross revenue from all Masters Property wells approximately $20,700,000 per month at depressed 4th quarter 2008 prices. Proforma annual cash flow to investors of 9.25% assuming recent production levels priced at $4.00 mcf natural gas and $40.00 per barrel of oil. IRC 1031 exchange compatible |
