Monogram Energy is an energy company which specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production. The company focuses on maintaining a high risk/reward profile which allows them to return the most value to their shareholders.
Monogram Energy recently announced that it has expanded the business relationship with Northamerican Energy Group Corporation. The agreement provides Monogram Energy with a 50% interest in 27 wells, which are projected to yield annual revenues of approximately $400,000 after a workover program.
The CEO stated, “A number of these wells are going to require minimal workover, which will provide us with a quicker revenue stream, and we anticipate a rapid cost recovery on the entire project.”
The company plans to steadily grow through acquisitions and enhancing previously producing properties, while reinvesting the net operating cash flows to expand even further.
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