Nettlecombe Oil Co

Nettlecombe began exploring for oil and natural gas in the Miocene, Frio, and Yegua sands in Texas because we felt that the seismic frequencies and amplitudes in the shallow and intermediate-depth sand sections were more valid, dependable and less risky than looking for deep structural plays. Nettlecombe generates prospects from its large seismic data base and utilizes “Lease Bank” funding partners to obtain leasehold and to help pay for the overhead and expenses (such as land man, survey, etc.) required to generate the prospect. We sell promoted Working Interests (generally on a cash plus “Back-in After Payout” basis) with the Operator taking a significant Working Interest. Once the prospect is sold, it is turned over to the Operator to actually drill and produce the well. The research required for prospect generation is normally pursued in conjunction with subsurface geology and elements of petroleum engineering. In this respect, Nettlecombe has excellent energy industry associations that establish the impressive scope of their business approach: i) geophysics & geology; ii) petroleum engineering; land & legal and iv) prospect economic evaluations & feasibility studies. In addition to log and seismic modeling plus direct drilling experience, Nettlecombe has grown to understand the importance of good petroleum engineering and vigilance in production operations as additions to effective earth science. Through careful selection of its industry partners, Nettlecombe thus continues to minimize the risk in drilling prospects.