Archive for February, 2011
Posted 18 February 2011 by admin. Blog, MPG Updates
Managed Petroleum Group, Inc. Announces NEW South Texas Project
Managed Petroleum Group, Inc. has commenced funding for their new MPG South Texas Project Limited Partnership, a four (4) well project located in Live Oak and Bee county, Texas.
The four well package will be offered under a Turnkey Drilling Contract. MPG is currently offering its qualified participants the opportunity to review this project.
The South Texas Project will have various industry partners involved as well as the project’s limited partners. These wells should produce natural gas with associated oil.
Potential recoverable reserves have been estimated at 1,800,000 CF and 6,697,500 BO for all wells. Managed Petroleum Group, Inc. has run internal economics based on $4/MCF gas and $70/BO.
Current drilling prices at the above mentioned commodity prices gives the MPG South Texas Project a strong upside potential. read more
For further information regarding topics discussed in this article please contact Managed Petroleum Group, Inc. directly at (866) 885-3221 or visit them on the web at www.ManagedPetroleum.com. Emails may be directed to Info@ManagedPetroleum.com.
Quarterly reports for Q4 2010 are now available Posted 18 February 2011 by admin. Blog, MPG Updates
Q4 2010 quarterly statements are now available to MPG investors. Distribution checks as well as copies of Q4 2010 quarterly statements have been mailed.
MPG partners can access these reports as well as account details and project updates here. If you need help logging into your account, please contact us.
