Streaming Oil NRI 33% Illinois Basin

Client Name	Apex Energy LLC
Borrower/Equity Entity/Description	Independent Oil Operator in the Illinois Basin Kentucky
Equity Amount	$25,000,000.00 USD
Capital Purpose	100 New Oil wells in the Illinois Basin
Security Available	33% NRI
Term Preferred	10 years
Expected Repayment Route	18-36 mos. on capex, streaming against revenue 33% NRI.

Other Details

   Mbls: 4,624,758.27

 Total Value: $325,022,374.00

 PV10: $125,007,216.11

Assumptions Made:
Geologic
	Porosity	10%
	Oil Saturation	50%
	Recovery Factor	30%
	Shrinkage	5%
Economic
	Oil Price:	$77	February 2024 average price per barrel
Engineering
	Additional wells are drilled to completely drain leases.
*Volumes cannot be guaranteed due to unknown variables.

Full data room available with NDA