Tempo Resources, Ltd. (“Tempo”) is offering for sale its Fort Worth Basin oil and gas assets primarily located in Palo Pinto County, Texas. Tristone Capital has been retained to provide divestiture and technical advisory services for this transaction. Miller & Lents, Ltd. has been retained to independently evaluate the reserves.
- Primary producing assets located in Palo Pinto County with additional properties in Jack, Parker, Archer and Stephens Counties, Texas
- Shallow multiple targets in the Fort Worth Basin including Strawn, Bend Conglomerate, Caddo Lime, Marble Falls and Barnett Shale at depths from 600’ to 5,000’ with very low development costs
- Recent Bend Conglomerate drilling success in the Brazos Area setting up a new play
- Almost 10,000 net acres with substantial mineral acreage, including more than 4,600 gross acres of Barnett Shale rights
- ~78% of the Proved value is in the Brazos Area, where Tempo operates with 100% WI and 99% NRI
- High-value gas with 1,200 MBtu/MCF wellhead
- 95 low-cost drilling locations and 51 recompletions, exclusive of Barnett Shale
Data rooms open July 15, 2008
Final offers due August 7, 2008
For further information please contact:
| Miles Redfield Managing Director Acquisitions & Divestitures Tel: (713) 651-4229 mredfield@tristonecapital.com |
Rob Bilger Managing Director Acquisitions & Divestitures Tel: (713) 651-4222 rbilger@tristonecapital.com |
