$1,500,000

Crude oil income producing Red River Gorge property. A property like this is a rare find in this region and offers further potential for additional prime residential homestead(s) or for cabin rentals or other scenic development. Additionally, the property has excellent access to community drinking water utilities that run along road frontage on High Rock Road at the property entrance. Abundant springs on the property for pristine water sources. For electrical service there is currently approximately 5,000 feet of 240v electrical service running along the internal roads. There are over 5,500 feet of improved internal roads on the property with a heavy duty crushed rock base, allowing year-round two wheel drive access, along with multiple drainage culverts.As it relates to the crude oil income production from the property, at the current price of crude oil ($80 bbl), our field has the capacity to produce in excess of $8,000 per month ($12,000 per month at the recent $120 bbl). If one were to invest in deeper exploration of the current wells there is the very real likelihood of a many-fold increase in the above numbers.