Recent Significant Projects: Energy Minerals
2003 - 2006 - WESTERN GEOTHERMAL PARTNERS, LLC. -
In conjunction with the Petroleum Synergy Group of Reno, NV, Henkle
and Associates was a founding member of Western Geothermal Partners,
LLC (WGP). A total of $ 400,000 was raised from seven investors
to fund the company. Mr. Henkle acts as the exploration manager
WGP acquired ~ 60,000 acres of federal geothermal leases in 11
play areas in Nevada and California during 2004 and 2005. Most of
these leases were acquired over the counter for $ 1.00 / acre. WGP
also applied for and was awarded an $ 800,000 grant from USDOE to
conduct detailed geologic studies and to aid in drilling one of
the prospects (the Reese River Prospect). Mr. Henkle was the
principal author of the DOE grant proposal and also acted as the
lead scientist during the grant period.
In 2006, WGP sold the portfolio of leases to a TSXV listed Canadian
company. The company purchased all of the portfolio for a price
of $ 35.50/acre (~ $ 2,400,000). The investors in WGP have
received a 600% ROI as of January, 2009.
OIL AND GAS EXPLORATION
2004 - 2009 - Henkle and Associates Oil & Gas Ventures
#2 - Henkle and Assoc.(HA) raised $100,000 from seven investors
to form this LLC. HA has a 30% equity interest in this partnership;
and also receives a 20% management fee on distributions.
HAOG2 acquired ~ 6000 acres of mostly fee lands over an untested
structure in central Montana. WRH prepared a geological model of
this property position in order to market it to independent E&P
operators in the Rockies. The acreage was farmed out to a syndicate
of independent oil men
During this same time period, HAOG2 also acquired a 100 acre fee
oil & gas lease located in the Julian Gas Field in southern
West Virginia. The lease was assigned to The Petroleum Synergy Group
(PSG) of Reno, NV, which subsequently drilled two 4000 ft. wells
on the property. Both the Castanoli #1 and #2 wells were successful
and the lease produces ~ 75 mcf/day, which is sold to Columbia Natural
Resources. HAOG2 has a 10% working interest in the lease and
anticipates significant future cash flow from this project. HOAG2
investors have received dividends of up to 50% of the initial investment
as of Jan. 2009.
2000 - 2001 - PROPRIETARY ENERGY INDUSTRIES, Calgary, Alberta
- Conducted generative Coal Bed Methane (CBM) exploration project
in Rocky Mountain region of US and Canada. Leased 19,745 acres of
federal lands in 5 areas in 3 states. Interpreted geology of leases;
integrated surface and subsurface map & well bore data. Inferred
CBM resource is ~ 333 BCF. Acquisition cost for leases ~ US$ 35K.
Several of the prospects were farmed out to mid size oil companies.