Hard Rock Exploration
Hard Rock Exploration, Inc.’s objective is to efficiently drill, develop, and produce oil and natural gas wells in the Appalachian Basin to provide investors with potential tax benefits and monthly cash flow. Our current drilling program, Hard Rock Partners
2009-A, L.P., is a $27,500,000 offering, with a maximum of 1,000 units at $27,500 per unit available. The program will consist of up to 35 natural gas developmental wells on two core prospects spanning across approximately 95,000 acres in West Virginia. The program portfolio will include both horizontal and vertical wells. GP unit investors may benefit from up to 100 percent tax write off in 2009. Further, all investors may benefit from the current 15 percent depletion allowance on gross well revenues for the life of the program wells, regardless of their basis in the partnership. As Managing General Partner, Hard Rock is the single largest investor in the program, investing 25 percent of the total program capital. Hard Rock has a 99 percent drilling success rate in prior drilling programs, which have provided investors with combined annualized cash-on- cash returns averaging 17 percent.
