Lost Soldier Oil & Gas Targets Massive Wyoming Natural Gas Discovery

本站添加: 2026-05-15

[00:00:06]I'm Jen King at the New York Stock Exchange. With me is Mark Bruner, the president CEO of Lost Soldier Oil and Gas. So, welcome here to uh Good to Exchange. Good to be here with you, J.

[00:00:16]>> Explain your background.

[00:00:18]>> Um, I'm a second generation oil and gas guy from all places, Texas. Yeah. In the early 1950s, my father started a company called Texas Oil and Gas. TXO was assembled on the New York Stock Exchange. It was the largest independent oil and gas company in the world. It Delh High Pipelines was the largest gas distribution system in the United States. So I worked with him for four years before he died in 76. I've been in the oil gas business ever since then.

[00:00:44]>> So that's really my background. Okay. My personal background is uh I created two companies that people in the Rocky Mountains know a lot about. I created a company. It was a cold bed methane company in the Rocky Mountains in the Pounder River Basin. We did a 15 cent financing. We did a dollar financing a year later. Then we sold it to Marathon for $550 million. So that was plus or minus a 100 times your money back in three years. Okay. I did another company called Ultra Petroleum that we did a 20 cent financing. It went to $100. It split two for one, went back to a hundred. So that's several thousand times your money back. Yeah, >> two pretty successful deals in the past.

[00:01:26]>> Yeah. No, that's very impressive. And >> but I think this is bigger than either one of those.

[00:01:30]>> Well, let's let's talk about Lost Soldier Oil. I guess how do those deals compare with the current company and kind of >> Well, that's that's an interesting question. There are two projects in the United States. One of them is called the Deep Udica Play that's in Pennsylvania.

[00:01:46]You may have seen the announcement by Lee Zelden and uh you know uh the other people on Fox News that there's going to be a new pipeline going to New York.

[00:01:56]>> Well, this deposit I have is very much like the Dutica, the reservoir parameters, the high pressure, the horizontal wells, all the same. There's another guy named Jerry Jones that owned the Dallas Cowboys. He's got a company called Comtock. Very similar deposit to what we have. So yeah, we think it's going to be a very very large deposit and we are the only ones in this basin.

[00:02:18]>> Yeah. And why haven't this been discovered earlier if you think?

[00:02:22]>> Well, that's a good that's a good question. There was a uranium mine out here where most of the material nuclear material came from. When 3M Island melted down in the early 80s, they started closing this mine down. Three years ago, that reclamation was finished. And they called me because I had some history in the area. And so we drilled it and it's by far the biggest thing I've ever found. I think it's the biggest gas field in the Rockies in a 100 years.

[00:02:47]>> Wow. Interesting. What's significant about the lease block at Lost Soldier?

[00:02:52]>> Well, it's we have what's called a federal unit. Okay. Now, that basically means you take all the different leases that are leased >> and you make one lease. The government came up with this program and we qualify it for it. And it means that once you drill a well and you make a discovery, you have 10 years to be able to to develop it. And we feel like we can develop the whole thing and hold it all uh you know by you know drilling wells here. Right now we see that we can drill at least 500 horizontal wells. Okay. So we have pipeline infrastructure all ready to go. this legacy pipeline infrastructure because we're surrounded by large oil and gas fields. So, we don't have to pay for that infrastructure. And our and our product is 92% methane. So, we don't have to spend processing money or put in any processing plants. It's really the gas can go right into homes. It's that pure.

[00:03:46]>> Interesting. And what have you found so far?

[00:03:48]>> Well, we've got five different layers.

[00:03:51]Think of it as a layer cake. Five different layers of uh over pressure gas. And then we have something over 2,000 feet of high pre of of of sedimentary sections that we can drill these horizontal wells out. And we're expecting them to be very much like the deep uh dudica play. Those wells, although they're $30 million wells, they pay out in nine months. Okay. And they produce for many, many years. This is New York's new hope, okay, of what's happening.

[00:04:21]>> Well, we'll see if it gets through the legislature. Exactly. Now, are you going to drill horizontal wells here? Yes. New York. Okay.

[00:04:28]>> The the We're going to be drilling horizontal wells in Wyoming. Okay. On this federal unit. Incidentally, we have a 350,000 acre cattle ranch on top of this thing to make sure that we don't have any real ESG problems, which is great. And we call this wild mustang unit. The unit that I discussed, we have 1500 wild horses on it as well that belong to the federal government, not to us. Yeah.

[00:04:53]>> Okay. So, it's really an interesting situation for us. And that town used to have 6,000 people in it. There's only 50. So, we bought that town and we're going to repopulate that town.

[00:05:04]>> Oh.

[00:05:05]>> Yeah. So, this is something that I >> different projects going on. I >> can uh see what we're doing at some point.

[00:05:12]>> Are there any analoges here for that this type of >> Yeah, those are the two I told you about. of the Deep Hannesville where that pipeline is going to go to New York and the uh the play in uh the western uh excuse me the western Hannesville that Jerry Jones has his name is of his company is Comtock. It trades here.

[00:05:30]Okay. And so those are the two analoges that we have. We I'm a little prejudice.

[00:05:36]I think ours is better.

[00:05:38]>> Okay.

[00:05:38]>> And do you plan to go public? And >> yeah, the I we've we have some people talking to us. We're negotiating right now of when we go public and on what kind of terms we do it. And we have a company called Roth as our new adviserss and they're based in uh California and they are very big in midcaps and small cap companies like ours. So yeah, I I think uh you know, we hope to have when we finish our private placement about $400 million a year in cash flow and then within five to seven years 10 times that. So >> and then how does it work for investors and and what kind of return can they expect?

[00:06:17]>> Well, um we have internal estimates.

[00:06:20]First of all, the investors because of Trump's big beautiful bill, they get a 100% tax deduction. Our internal estimates in 10 years are four times 14 times your money back in 10 years. So, and because these deposits are regionally pervasive, we're not going to drill any dry holes. There are no dry holes. Okay? So, and the pressures are so high, we have a pressure gradient for those of you that know the oil and gas business. 083 to 0.9, which is severe over pressure, which is good because what that means is although the wells are deep and expensive, the rates are extremely high. 25 to 50 to 75 million a day in terms of the gas production. So, >> yeah.

[00:07:03]>> So, Mark, if people are interested in investing, they should go to invest.lossoldier.com loss soldier.com and talk to me a little bit about the actual financing and where you're actually >> sure that the what we're we're we're not public okay so we don't have a ticker symbol but we're doing a 506c for uh investment for uh sophisticated investors qualified investors now what's unusual about this is that we do something a little different here ordinarily in a private placement you just have working interest and a tax deduction here We have working interest, a tax deduction, stock in the company as well as an overriding royalty interest.

[00:07:44]And one of the interesting things is based on our estimates, uh, the investor should receive within 10 years 14 times their money back plus the 100% tax deduction, which I think is a pretty good deal for investors. So, and we look at all of our investors as family and we will be doing videos as we're drilling every single day and so they'll be able to see it. It's kind of like a landman.

[00:08:11]Okay. So, but anyway, that's what we're going to be up to and any interested people have got, you can go on to invest.lossoldier.com and we'll be happy to answer your questions.

[00:08:23]>> Okay. Thanks so much.

[00:08:24]>> Thank you.