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Fulcrum Energy Capital

Joint Venture Drilling Opportunity in the North Park Basin of Colorado

Gondola Resources, LLC (“Gondola”), a portfolio company of Fulcrum Energy Capital, has exclusively retained Eagle River Energy Advisors, LLC to solicit a JV drilling partner for certain non-operated development working interest assets in the North Park Basin of Jackson County, Colorado.

Total Investment Opportunity ~$18 MM
Total Wells 7 PUDs & 1 Refrac
Target Formation Niobrara
Average WI / (8/8) NRI 42.5 % / 80%
Drilling Economics
84 % IRR / 2.9x ROI
Effective Date: April 1, 2023
VDR Access: April 10, 2023 4 PM MT
Bids Due: May 5, 2023 4 PM MT