Buy Working Interest in Producing Oil Leases
Invest in New Drill Working Interest
Buy Working Interest in Producing Oil Leases
Invest in New Drill Working Interest
Invest In POGO Today!

About Pogo Exploration Corp

Pogo Exploration Corp, is a privately held oil and gas exploration company headquartered in Midland, Texas. Pogo is focused on identifying existing oil producing leases with abnormal decline curves in the formation being produced, and located in the Permian Basin of West Texas. Pogo will investigate and determine the underlying issue, acquire the lease, correct the problem, and double production in some cases.

We plan to target producing leases with a purchase price between One Million dollars and Five Million dollars but have the capability to evaluate and acquire much larger properties. Pogo typically looks for properties with a payout of less than 2 years, achieved by increasing production and reducing operating cost.

There will be a 4% percent purchase fee to cover acquisition expenses. Pogo will use an oil & gas Joint Interest Billing system to keep Investor’s monies separate from the others. The oil and gas leases will have a 75% percent Net Revenue Interest with a 25% Royalty burden. Pogo will be carried for 10% percent working interest with the Investor’s keeping 90% percent working interest until 125% percent of the Investor’s investment (including purchase fee) has been recovered. At which time the Investor’s share will decrease to 80% percent of the project and Pogo’s interest will increase to 20% percent. Pogo will be the operator and charge monthly lease overhead per a standard JOA and COPUS agreement.

Pogo will register for oil and gas auctions, enter the data room, identify the best leases, and rank them in preference, with the intention of having a successful bid on one of the selected leases. Pogo will also seek distressed leases in bankruptcy court and from private sellers. Each investor can review the lease(s) purchased by Pogo, evaluate a payout spreadsheet, look at decline curve data and receive an explanation how Pogo plans to correct problems to increase production. All data will be available online at PogoExploration.com for review within 3 days after a closing.

Pogo Lease Acquisition Group #1 will raise One Million dollars. There is a minimum Fifty Thousand dollar investment (4.50% working interest) to join the Pogo Lease Acquisition Group #1. Investments will be made via a Participation Agreement which can be accessed on the Company web site under the Investor tab.
To enhance the value of each lease further Pogo’s geologist will evaluate logs in the area to determine if there are additional pay zones behind the pipe that could be commercially produced in the future

Through our team’s extensive experience in the oil and gas industry, Pogo Exploration Corp has developed an excellent opportunity for Investor’s to add long term cash flow and hard assets to their portfolio.

To find out more on how to benefit from our approach to developing oil and gas resources along with hard assets, click on the image on the left.

The Life Cycle Of An
Oil Well

The Live Cycle Of An Oil Well

Request More Information Below:

Private Placement Memorandum

 

Visit Us On FacebookVisit Us On TwitterVisit Us On GooglePlusCheck Our Feed

Pogo Exploration Corp BBB Business Review

THIS IS NOT AN OFFER TO SELL A SECURITY, NOR IS IT THE SOLICITATION TO BUY A SECURITY. AN OFFER CAN ONLY BE MADE BY A PROSPECTUS AND THIS IS NOT A PROSPECTUS. THIS GENERAL ADVERTISEMENT IS MADE PURSUANT TO THE PROVISIONS OF THE JOBS ACT OF 2012 AND IS SUBJECT TO THE PROVISIONS OF REGULATION D, SECTION 506 (c) OF THE SECURITIES ACT OF 1933 (THE ACT), AS AMENDED. OFFERS AND SALES ARE MADE ONLY THROUGH PRIVATE PLACEMENT MEMORANDUM TO “ACCREDITED INVESTORS” AS DEFINED IN REGULATION D, SECTION 501 OF THE ACT.