Exploration, Production and Lease Acquisition The Company’s immediate focus is shallow oil and non-conventional gas / liquids development in Kentucky.
Encore Energy, Inc. is a bonded well operator in Kentucky and is currently drilling and developing a 30-well oil program and has recently made significant oil discoveries in Kentucky. The Company currently selling multiple truck-loads of oil each month from several lease locations, while increasing production volumes.
The Company currently controls thousands of lease acres in Warren County and currently expanding into Butler, Ohio and potentially other counties of south central and western Kentucky. Encore is the most active operator in this area and has developed strategic relationships with landowners, field contractors, well service companies, petroleum geologists and other industry professionals.
Turnkey Drilling Investment Program(s) Encore's objective is to provide each partner with monthly income, ROI, clear communication, long-term production, low-cost drilling, asset protection and a 100% IDC tax deduction of their investment. Encore's partners are accredited investors (SEC definition) and include high net worth individuals, corporations, family offices and qualified investment groups.Encore believes that it mitigates risk and preserves investor capital through the diversification of multiple-well projects, targeting several formations.
Encore also makes every effort to provide its partners with material disclosures, prior to investment, and complete transparency through each phase of operations. Information provided to its partners includes but is not limited to real-time reporting, well permits, certified lease title, third-party reports, turnkey AFE, indemnification, monthly production statements, legal assignments and much more operations and due diligence information.
As the managing general partner, well operator and lease owner for each project, Encore owns approximately 20 - 25% of each drilling program and controls 100% working interest across its leasehold. For the long-term, Encore plans to drill 75 - 100 wells while potentially increasing its oil and natural gas lease position to 50,000+ acres.
Assumptions, Disclaimer and Cautionary Statement: The information herein may contain forward-looking statements, and actual results may vary. Oil and gas investments involve a high degree of risk, uncertainty and are only suitable for qualified Accredited (SEC Definition) investors who are sophisticated in making business decisions and can bear the financial loss of their entire investment, while delivering a turnkey profit to the Company for proving the prospect development, lease acquisition, drilling, completion, engineering and ongoing production operations. The Company does not provide tax advice and investors should seek the advice of their tax professional. Any tax and/or other information herein is provided for illustration purposes only and may include estimates that are uncertain and subject to change. It is impossible to accurately forecast profitability, production, reserves, income, expenses and timelines for any project. No assurances can be made as it relates to reserves, production, income, profit, prices, timelines and/or other estimates. Actual production and results are beyond the control of management. In the event that commercial production is achieved, it may take many years for the investor to recoup his or her investment. The Company's lease acreage position under is subject to change and includes acreage under lease, Farmout agreement, verbal agreement, renewals, expired terms and any other prospective acreage in which the Company has communicated and/or negotiated with the landowner the leasing of oil and gas rights, now or in the future, and the lease / mineral owner has leased or communicated their intent to lease there mineral lease rights to the Company. It is important for qualified investors to acknowledge the fact that the US government provides them with tax savings (100% IDC tax deduction) to mitigate or at least off-set some of the financial risk associated with domestic oil and gas investments. This is not an offer to sell or buy a security. An offer shall only be made pursuant to SEC Regulation D, Rule 506(c) by a private placement offering memorandum, and this is not a private placement offering memorandum.