Cannon Operating Announces Investment Opportunities in the Caddo Lake Project
Cannon Operating Announces Investment Opportunities in the Caddo Lake ProjectOil and Gas Exploration Company Brings Institutional Investment Opportunities to Individual Investors
August 07, 2014 ( datsyn.com) - Dallas, TX: Today, Cannon Operating Company announces the availability of working interest in the newly developed Caddo Lake Project. Caddo Lake is a multi-pay drilling project located in Caddo Parrish Louisiana. Currently Caddo production is just over 187,000 barrels/month.
Cannon Operating’s recent success has encouraged CEO William Baker to share the economic projection of Caddo Lake. Based on a 5% working interest of $240,000. At 240 Barrels of Oil Per Day @ 90.00/barrel x 365 days - .09% severance tax x 75% NRI - $72,000 operating expenses x 5% Working Interest = $265,000.50 /year based on the purchase of one unit for a return of 110%. Not including tax incentives.
To mark this enormous opportunity Cannon Operating shares the testimonials of long-term investors:
“We could not be happier with the results we have seen on our investments with Cannon Operating. We are now on project # 4 and are looking forward to many more in the future.” Jayme and Jen, Iowa.
“ William Baker is a detail oriented professional. Cannon has been the venture manager on a joint venture project, William has provided excellent reporting and sound financial management. We are looking forward to more successful well completions under William’s management.” Ron Walker President of the Production Group
Cannon Operating is based in Dallas, TX. Cannon offers industry level opportunities to the individual investor. Our job is to increase your wealth, educate you on how to evaluate a project and guide you thru the various tax incentives that comes with investing in U.S. Oil Exploration. Cannon Operating is a Better Business Bureau Accredited company with an A rating.