ShaleWolf Capital sees oil prices above $110 by 2019. Agrees to acquire major stake in largely BP controlled acreage in East Texas.

IRVING, Texas, Aug. 9, 2018 /PRNewswire/ -- On June 22^nd, 2018 President Donald Trump asked OPEC to increase its daily oil output by 1 million barrels. Industry experts would agree that OPEC is at or near its full production capacity. OPEC can't just increase production. As demand continues to grow the world is set to outpace oil production by more than 500,000 barrels by 2020. When you consider the current situation in several oil contributing countries like Venezuela, Africa and Iran it becomes a perfect storm for oil prices potentially above $110 per barrel. Based on the data, its not a matter of if we see $110 prices but when. ShaleWolf Capital analysts believe that now is a perfect opportunity to acquire oil and gas assets as part of its overall strategy.

ShaleWolf Capital agrees to partner with NCE on the developmental drilling of its Cotton Valley reserves located in Harrison County, Texas. This formation is considered a long term income asset by the likes of British Petroleum (BP), Samson, Chesapeake Energy and XTO Energy. Based on 3^rd party reserve evaluations the upside potential could equal over 684,000 BOE and 55BCFG in oil and natural gas reserves. There is also a strong potential of condensate reserves being on target with oil reserve estimates. In this area it would not be outrageous to potentially see condensate prices match current WTI oil prices. SWC has carefully reviewed surrounding fields in conjunction with Cotton Valley reserves and production. In more than 76 wells drilled into the Cotton Valley Sands in this area there are ZERO dry holes. This is prolific and could prove to be similar to formations like those found in the Permian Basin, Eagleford Shale, Austin Chalk and other blanket formations.

ShaleWolf Capital executives also anticipate acquiring 3-4 additional acreage positions in areas that include the Permian Basin, Austin Chalk, Bone Springs and Eagleford Shale oil and gas reserves in 2018. No capital contributions will be required from current partners to complete said acquisitions. This purchase is anticipated to close in Q3 or Q4 of 2018 utilizing cash reserves on hand. Due to strong demand driven by current potential partners ShaleWolf Capital has elected to restrict new partners from acreage participation in the foreseeable future.

ShaleWolf Capital is an asset allocation firm with a dedicated focus in the energy, cannabis and real estate sectors. ShaleWolf focuses large capital allocations to industries and assets that offer a substantial sustained income potential. These vehicles are carefully considered to give large investment fund managers, asset directors and accredited investors the opportunity to participate in proven assets outside of traditional markets. No investment vehicle, industry or asset should be considered void of risks. Oil and gas investments involve substantial risks and could include total loss of capital invested.  

CONTACT: Steve Moore, (972) 719-2588, ShaleWolf.com  

SOURCE ShaleWolf Capital