SOUTH LOUISIANA OPPORTUNITY

Summary

Energy Advisors Group has been retained by Brandt Exploration (BEX) to source potential capital partners for their drilling opportunity in Louisiana. The opportunity centers around the Dorothy Collins #1 location, a 15,000 Ft planned directional well with strong technical, operational, and economic support. BEX is offering up to 62.5% working interest under a 10% BIAPO structure, without any upfront promote. The well AFE is estimated at $8.1 million and potentially qualifies for Louisiana’s deep well severance tax exemptions, potentially saving up to $1 million. Upon production of the initial Dorothy Collins #1 location, there are an immediate 6 follow up locations to be drilled on BEX's acreage.

This prospect, often referred to as the Lagniappe Prospect, is based on modern petrophysical analysis and updated 2-D and 3-D seismic interpretation, targeting low resistivity pay in the Marg Tex 3 interval. The successful initial well will open the door for at least 6 additional wells across the 580-acre leasehold (74% avg NRI).

Geology

The primary target, the Marg Tex 3 Sand (MT3), has historically been overlooked due to its low resistivity response. In Shell’s 1966 Broussard #1 well, the MT3 was ignored because of poor hole conditions and logging ambiguity. Years later, BEX identified the interval’s potential through reinterpretation of Shell's data and subsequent validation by offset well performance. One such offset cum’d 520 MMCF & 124 MBBL which equates to a 238 BBL/MMCF despite being 14’ Ft low to the Shell M. Broussard #1. In addition to the Marg Tex 3, the Miogyp sand is present uphole and can be completed later in the well’s life as bypassed pay.

Petrophysical work by Integrated Energy Services, LLC has confirmed the presence of up to 50 feet of net pay in the MT3 zone. The low resistivity readings are now understood to be a result of laminated sand shale sequences, conductive formation water, and clay-bound water, conditions that suppress resistivity without indicating water bearing intervals. The reservoir is interpreted as laterally continuous and mappable with high confidence, underpinned by analog well performance and supported by seismic mapping and modern interpretation techniques.

Economics

The Dorothy Collins #1 well is projected to deliver peak production of 10 MMCFD with a condensate yield of 238 BBL/MMCF. Estimated ultimate recovery is 30 Bcf of gas and 7,140 Mbbl of oil with a PV10 of $123.6 million. This economic profile is further enhanced by infrastructure advantages: a TARGA-operated gas pipeline is located just north of the leasehold, allowing for rapid tie-in and sales.

The project's structure is designed to attract partners seeking exposure to a repeatable, scalable development plan in a technically de-risked Gulf Coast opportunity.

Operations

Brandt Exploration, founded by Bob Brandt, has a long standing presence in the Gulf Coast region with a history of unlocking bypassed pay and identifying structurally sound, underdeveloped intervals. The team includes specialists in seismic interpretation, reservoir engineering, development planning, and legal structuring. The planned operator for the project is Key Operating Co., Inc, a trusted partner with experience in Louisiana drilling and development. Their involvement adds confidence in project execution and alignment with regulatory and surface requirements.

The Dorthy Collins #1 well is expected to encounter significant pay across two primary productive intervals, the Miogyp Sand and the Marg Tex 3 Sand. Both zones are anticipated to contribute meaningful production.

 

The Miogyp Sand is projected to be penetrated approximately 1,300 feet closer to the major trapping fault G than the Olsen #1 Broussard, the key reference well. At this location, the Miogyp interval is estimated to contain about fifty feet of productive pay at a depth of roughly 13,570 feet TVD.

 

The Marg Tex 3 Sand, considered the primary target, is also expected to be intersected about 1,300 feet closer to the large fault G than in the key well. Penetrating the MT3 at this structural position should result in a thicker, cleaner reservoir with higher resistivity than offset wells. Estimated net pay includes 34 feet in the upper lobe and 18 feet in the lower lobe. Anticipated IP is more than 10 MMcf/d along with 2,000 bb/d of condensate.

 

Between the Miogyp and MT3 sands, the first well is projected to deliver one hundred feet of total net productive pay.

Opportunity Highlights & Recap:

• Drill-ready directional well targeting the Marg Tex 3 (MT3) sand at 15,000 ft TVD
• Located within a proven gas-condensate fairway with successful offset production
• Stratigraphic trap with fault segmentation mapped using 2-D and 3-D seismic
• Petrophysical analysis confirms up to 50 ft of low resistivity pay
• Historical log data and analog wells support strong deliverability from MT3
• Offering up to 62.5% non-operated working interest under 10% BIAPO terms
• First Well IP: 10 MMCFD & Condensate Yield of 238 BBL/MMCF.
• First Well Totals 30 BCF, 7.1 MMBBL & $123.6 MM PV10.
• First Well AFE: $8.1 MM. First Well DHC: $5.9 MM.
• 7-Well Development Plan Totals: 264 BCF, 35.1 MMBBL & $751.0 MM PV10.
• Energy Advisors Group Has Provided A PHDWin Database In The VDR

Once the confidentiality agreement is executed, a firm representative will follow up with you directly.

Please direct all inquiries to the EAG contacts listed below:

Craig Davis

Senior Technical Advisor

cdavis@energyadvisors.com

--- Phn: 713-922-2200

Rich Martin

Director

rmartin@energyadvisors.com

--- Phn: 469-866-9796

Houston Office

4265 San Felipe Street, Suite 650

Houston, TX, 77027

TO LEARN MORE
Energy Advisors Group
Richard Martin
Director – Special Projects & Execution
14875 Landmark Blvd Ste 220
Dallas, TX 75254
USA
Phone: 214-774-2495 and Fax: 713-600-0138 Direct: 469-866-9796 Cell: 469-866-9796
Email: rmartin@energyadvisors.com