According to Z2's most recent engineering report, the estimated future net revenue from the producing properties may be in excess of $38,000,000, and the estimated future net revenue from the Proven Undeveloped Properties (PUDS) yet to be drilled could be in excess of $353,000,000.
"With the Gasrock, LLC financing in place, Z2 and Deep Rock, as a member of Z2, should be able to increase the production of the Big Foot Field over the next couple of years. Deep Rock, as both a member of Z2 and consultant to the Operator of the Big Foot Field, is excited about the possibilities of increased production that this financing will allow," stated Robert Garner, CEO of Deep Rock.
Deep Rock owns a 6.29 interest in Z2, LLC. The field was recently valued at almost $19,000,000 by an independent third party.
In addition, Deep Rock also owns 5.8265% net profits interest in the Big Foot Field which benefits from the production from the field without any capital expenditures offsets.
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