100BOPD in South Sumatera

We are the Global Energy company base in Hong Kong seeks loan for amount of USD 3 Millions. The fund raise purposes for taking over the existing contract of production block which produce at 100 BOPD in South Sumatera area. The company will increase the production by 2 times at minimum target and cover for 100,000 Barrels Oil per year or equivalent to USD 6 Millions gross revenue at oil price USD 60 / barrels. The remain contract will be ended by 2028 and could be extended by anothers 10 years duration. Base on the seismic conducted the remain reserve of the block is 2,500,000 Barrels Oil. And the remain cost recovery will be at USD 3.5 millions, cover for CAPEX and OPEX. All wells will be drilled by shallow depth drilling not more than 1,000 m. Current gross income is USD 2,500,000 , at 52,500 Barrels Oil a year at Oil price USD 50 / barrel.