Janssen 1-A
The Company owns a 3% working interest in the Janssen A-1 Well. The Janssen produces around 250 mcfgpd from the Roeder Sand (Wilcox) at a depth of 10,300 feet. PDNP Pettus sand (oil) is behind pipe at 4000’ and a possible gas sand was indicated on logs at 3060’. Penasco also has the right to participate up to 5% on a non-promoted basis on any addtiiional wells that may be drilled on the lease.
