Western Oil Exploration Company

Las Vegas, NV 92107, US
Oil & Gas Production & Processing
www.WesternOilX.com

Western Oil Exploration uses unique technologies and can identify the exact, within 2%, location of hydrocarbons in aerial extent as well as depth and thickness.

Company is incorporated and based in Las Vegas, with a team of industry experts credited with finding the largest producing well in Nevada and the lower 48; the largest natural gas discovery in Wyoming and largest Uranium discovery in Utah's history with experience directly in the Great Basin.

The Company's focus is on a Massive Dolomite Oil Slide block Prospect in White Pine County, Nevada. This Prospect encompasses a 4,000 acre 4-way faulted horst block of reservoir quality Hydro-Thermal Dolomite or ("HTD") with a seismically defined knoll is capable of containing an estimated 1.8 Billion barrel of oil. Production rates from similar knolls are commonly +10,000 barrels per day. Analog wells exist 50 miles north and south of our prospect initially produced +4,000 barrels of oil and are 5% of our prospect size. In addition, a perfect seal consisting of 5,000 feet of rich, thermally mature Chainman and Pilot-Bakken shale that has been confirmed by existing well logs, 2D Seismic; and 3D Magnetics and Gravity have mapped the petroleum system.

Hydrothermal Dolomite has been a target of some insiders but recently has gained more attention as 13 of 17 new field discoveries in the USA in 2014 were dolomite hosted reservoirs of oil & gas.

In North America, the surge in new dolomite oil production has been swift. From virtually no output five years ago, the dolomite mid-section of the Bakken shale formation in North Dakota recently surpassed one million barrels a day, according to Federal data. The Bakken shale in North Dakota averages 50 feet thick and is estimated to contain 27 billion barrels of oil & equivalent gas contained.

These giant oil fields were unleashed by the combination of two technologies-horizontal drilling and moveable sleeve fracturing..

The Company plans include drilling 3 appraisal wells to test these formations including, horizontal extensions into the Chainman/Pilot-Bakken shale at a cost estimated at $8M per well.

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Summary

Prior Year Revenue Current Year Revenue Next Year Revenue
Company Age Employees Sub-Industry
5 years, 5 months 5 Oil & Gas Drilling & Exploration

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Managing/Manager Business Development
James Franklin

James FranklinMr. Franklin is an independent oil, gas & mineral explorer for over thirty years. Mr. Franklin is the inventor of a patented ablation technology for oil & gas completions. He also invented an ozone oxidation technology related to hydrocarbons. Mr. Franklin has developed long and short term strategies and direction for the E&P activity and has been responsible for the exploration activities. Mr. Franklin is experienced in Identifying oil & gas resources opportunities in North American, South America, Africa, and Columbia and a proven ability to execute on presentations to stakeholders on the projects performance and investment opportunities. Mr. Franklin has an extensive technical understanding of engineering and geoscience activities.

Managing Director Executive Officer
Alberto Vasquez, PhD

Alberto Vasquez, PhDDr. Vásquez received his Ph.D. in Engineering Science with a concentration in Decision Sciences and Engineering Systems from Rensselaer Polytechnic Institute as well as an M.S. in Operations Research and Statistics and Industrial and Management Engineering. He received his B.S. in Mechanical and Electrical Engineering from Universidad Iberoamericana. He is fluent in Spanish, Portuguese, and English, while capable of reading French and Italian.

Specialties: Oil & Gas, service network optimization, demand and supply chain management, information technology.

Senior Advisor
Len Chaikind

Len ChaikindMr. Chaikind worked for Shell for over 35 years in a wide variety of assignments. He was appointed Regional Treasurer for all Royal Dutch Shell’s operations in the Far East and Australasia negotiating and financing over $50 billion dollars of both corporate and major project activities. He also developed a number or very important relationships with key government officials and financial institutions to include, in and with, Brunei, China, Yemen, France, Switzerland, Nigeria and Saudi Arabia. He also served as an active member of the Commodity Futures Trading Commission Advisory Board. Since leaving Shell, Mr. Chaikind has stayed very active in the area of tax-exempt funds, including health care, Pension Plans, and Social Security reforms, and still maintains a strong presence in Washington, DC. He has an MBA and a BA in Economics from Harvard University.

Funding

68%

Funding Goal$50,000,000

Funding Raised So Far$4,000,000

Funding Commitments$30,000,000

Funding Remaining$16,000,000

Funding TypeEquity

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