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PROPOSAL

 

First Draft

 

A.                The initial request for funding is for $900,000. Our Team members have a Plan of Action that will take our Company Public in 3 to 4 years.

 

B.                 We are purchasing a Disposal Well that is permitted by the Texas Railroad Commission. Our Team has an extremely lucrative Agreement with the current owner of Company that owns the Disposal Well.

 

 

C.                 The current Owner will finance the Disposal Well for 5 years. Once Our Company goes Public we will pay the current Owner completely for our agreed Sales Price.

 

D.                Our Plan of Action includes paying the current Owner $300,000 immediately at closing for the Property. Our Team will spend $50,000 to make ready the Disposal Well. This should take 5 to 7 weeks. During this time period Our Team will be Organizing, Coordinating, and Implementing our Objectives to unload brine and salt water into our Disposal Well. Our Projections are available for Review.

 

E.                 Our Plan of Action further includes paying for staff members to Operate the daily Activities of the Disposal Well. Obviously we will start with a small crew. As our work load increases, we will increase the staff.

 

F.                  Our Research and Analysis is very through. Any interested Party is welcome to have access to our Analysis once said Party has signed a non disclosure, non compete Agreement.

  

G.                Investor will have the option to either;

1.      Loan with determined interest rate and payment Schedule

2.      Loan with determined interest rate and payment Schedule along with percentage of ownership of Company

3.      Investment into Company with percentage Ownership only

 

H.          Our Projections indicate that after 2.5 years of Operations we should be able to submit Our Board Certified Accounting Records to the SEC. This submission will start the Process of going Public.

 

 

Salt Caverns

 

1.                  The Company will be acquiring 150 Acres closely adjacent to the Well. This includes two Salt Caverns that have 600,000 Barrel Capacity each.

2.                   The two salt caverns and the 150 Acres are currently worth 8 Million dollars. We have a contract to purchase the Property for 2 Million dollars. When we go Public, we will pay the owner 2.7 Million dollars.

3.                  This will enable Us to take Our Company Public.

4.                  The current Owner is willing to Owner Finance the Sale of the 150 Acres. This will allow our Team to add tremendous value to our Company.

5.                  This opportunity will be offered initially to our primary investors. Our Company will require an additional investment of 1 Million dollars. This one Million dollars will be utilized to make ready the salt dome.

6.                  Once Our Company is taken Public, the Investor  will receive their ONE [1] Million Dollars Investment back [mentioned in item 4, directly above] and still own 2 Million dollars worth of stock in the Company.

  

Our Company is composed of Current Owner, David Miller, and Purchaser/s.

 

 

    

 

ASSETS

 

 

 

THE PHYSICAL SITE AND ASSETS

 

BUTLER SALT DOME PROPERTY and IMPROVEMENTS

 

 

■    Located just off State Route 84 in Freestone County, the site touches two hard surface roads: FCR 290 I FCR 296. The Disposal Well is situated on a separate 5 acre tract on FCR 298,

 

■   Approximately 150 surface acres are atop the Butler Salt Dome. All Easements for the 2 mile Pipeline are included in the property.

 

■    Purchaser will obtain  the "salt rights," (a designation specific to the State of Texas as far as "mineral rights" are concerned) with the 150 acre property.

 

■  Three Caverns exist on the site. Caverns #2 and  #3 currently hold an estimated 650,000 barrels of saturated brine ready to be tapped. Cavern #1 is permanently plugged and abandoned  to encapsulate the NOW deposited by Taylor Disposal Operating  during their lease with the previous owner.

 

■ The top of the salt is approximately 365 feet beneath the surface (by standards, a shallow geologic formation which makes it easy to penetrate with minimal drilling).

 

■ The site has a large metal structure that houses office space and a maintenance facility. A HVAC system provides climate control in the office. A mobile home on site is used for storage of excess pipes and hoses.

 

■ For tax purposes, the Site is currently zoned agricultural except for  five acres zoned commercial. The entire site is fenced. The commercial area is surrounded by chain link fence to protect the tank farm, wellheads and other structures.

 

■ Two reservoirs on the property are designed to hold in excess of 55 acre feet of water used for leaching of the salt, and to provide fresh water for  operations.

 

■ A two-mile long, 4-inch fiberglass pipeline, with  owned easements, runs from the site to the  Disposal Well operation located off the salt dome. The pipeline carries excess brine water from the caverns site to the Disposal Well. Some analysts estimate the value of this pipeline, rights and best utilization is approximately 1 Million dollars. The Well is capable of and is permitted to accept 15,000 barrels a day of brine for disposal into the Woodbine Formation at a depth of 6,500 feet: (Permit No. 80095 Amended for Well No. 1-D (079043), Butler Woodbine Field, Freestone County, RRC District 5).

 

■ The Texas Water Commission has permitted the company to divert and use 31 acre feet of water annually from the unnamed tributary of Saline Branch, tributary of Gaston Branch, tributary of the Trinity River in Freestone County Texas for mining purposes pursuant to Texas Water Commission Permit No. 08-5067.

 

■  The caverns and the disposal well are a scant two miles apart using Freestone County Road 296 which merges into County Road 298.

 

 

■ Brine-filled caverns named as caverns #2 and 3, currently hold and estimated 650,000 barrels of saturated brine (10# water). This brine reserve will facilitate an opportunity to fast-track any project of choice for the new owner.

 

 

■  The saltwater disposal well is set 6,500 feet into the Woodbine formation. It is fully functional and can be used either as a commercial or privatized well. It was originally designed to dispose of the purged water created by solution mining.

 

 

 


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