Prudent non-industry investors understand the opportunity that exists in the development of domestic energy. Spartan Operating has seen such boom times in the past, but not to the extent and likely longevity that is prevalent today. In this current energy market many companies will try to sell their production at record high prices, the purchasers of such product must gamble that continued record prices are maintained. Spartan feels this is not the course of action to take.
Many non-industry investors have gained profits by investing in the energy stocks or small drilling programs, however for the non-industry investor who wants to get into the domestic market in a bigger way--more “ground floor” with a proven operator--the Spartan Montana Development Package should be considered.
Spartan began the development package before the current “boom” and has aligned itself with proven field personnel and operators, and purchased or optioned large acreage blocks in locations where proven production exists.
Spartan strategy is to find oil and gas at low finding costs, take some profit by selling down to minimize risks and continue to expand development. The key to this approach are large acquisitions of hygraded oil and gas acreage; this is what we have in the Sweetgrass and Bear Paw Projects.
Just before these recent “booms,” Spartan was the managing partner of CB Operations and CB Pipline in SE Kansas that operated over 125 well and over 70 miles of gas pipeline, which was sold to Dart Energy.
After over three years of due diligence in Montana; Spartan has acquired strategic acreage positions. In 2006, Spartan will partner with Dart Energy to finalize negations on over 300,000 acres; commence additional geological and geophysical studies; and then we will begin to drill in six different economically proven oil and gas “pay zones” in Toole, Hill, Liberty and Phillips counties in Montana.