Greetings Rich Quinn,

For your consideration.

The Flippen & Cook Oil Shallow Fields around Abilene, TX, have been consistent performers, producing approximately 8,700,000 barrels of oil from 124 notable wells, averaging an impressive 70,000 barrels per well. This track record speaks to the area's potential and reliability.

Now, imagine yourself as a Joint Venture Partner with GeoChem E&P Corp. Together, we successfully drill a new well that matches this level of production, yielding 70,000 barrels of oil. Additionally, consider the daily production potential of 35 barrels at $82.50 per barrel. This scenario presents a compelling opportunity for further exploration and investment.

I'd love to discuss these prospects with you in more detail and explore how we can leverage our expertise and resources to capitalize on these opportunities. Please let me know a convenient time for you, and I'll arrange a call or meeting.

Looking forward to your response.

Warm regards,

Rich Quinn

Managing Partner

972-489-7054

richq@geochemcorp.net

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If/Than Scenario Summary:

Production: 70,000 barrels of oil at $83.50 per barrel.

Financial Breakdown:

Revenue:

Total Revenue: 70,000 barrels x $82.50 = $5,845,000.00

Taxes:

State & County Severance Taxes (7%): $409,150.00
Net Revenue after taxes: $5,845,000 - $409,150 = $5,435850.00

Royalties:

Mineral & Overriding Royalty Interest Owners (20%): $1,087,170.00
Remaining for partners (80%): $4,348,410

Costs:

Estimated well cost: $450,000, Paid by Joint Venture (JV) Partners.
Estimated 10-year well expenses: $250,000.
Total Expenses: $450,000 + $250,000 = $700,000.
Net Revenue for partners after costs: $4,348410 - $700,000 = $3,648,410

Net Revenue Split:

Carried Working Interest (GeoChem E&P Corp, 25%): $912,102.50
Joint Venture Partner/Partners (75%): $2,736,307.50

Return on Investment (ROI):

Cash on Cash ROI before tax treatment: $3,031,950 / $450,000 = 6.080 ROI
ROI after-tax treatment (factoring in Intangible Drilling Deductions ) = $3,031,950 / $274,000 = 11.065 ROI

If/Then scenario for monthly cash flow based on daily oil production of 35 BBL. Oil per day at $83.50 per barrel.

Total Daily Revenue:

35 barrels/day x $83.50 = $2,922.50 per day

Revenue After Deductions:

Gross Revenue: $2,887.50/day x 30 days = $86,625
Less 7% State & County Severance Taxes: $87,675 x 0.07 = $6,137.25
Net Revenue after Taxes: $86,625 - $6,063.75 = $80,561.25
Less 20% Mineral & Overriding Royalty Interest: $81,537.75 x 0.20 = $16,307.55
Gross Revenue: $81,537.75 - $16,307.55 = $65,230.20

Net Revenue After Expenses:

Fixed Well Overhead, Pumper Fee, Electricity, Chemicals, etc.: $2,083
Net Revenue: $65,230 - $2,083 = $63,147.20

Net Monthly Cash Flow:

GeoChem E&P Corp (25%): $62,366 x 0.25 = $15,786.80
Joint Venture Partner/Partners (75%): $62,366 x 0.75 = $47,360.40

Please note: The above conversion table is to be used as an if/then scenario. Any forecasts of production results, estimates of reserves, or federal tax consequences are merely estimates of possible results and not promises or predictions of actual oil and/or gas production or tax benefits. Such forecasts were based on highly favorable assumptions of production over an arbitrary period of time, all of which cannot be assured by the Company.

The Tannehill Channel Sand Reservoir is a subsurface meandering river system that sources the channel sands\point bars. Drilling into the top of the point bar, where the oil is trapped in the channel system, can lead to excellent oil production. However, drilling off the center of the point bar typically results in a well that is in a lower section of the point bar, where salt water is present. Drilling into the tapered ends of the point bar, where the sand grains are fine-grained or tight, results in an unproductive well.

Geochemical Exploration & Production Corp has recently acquired the Cox 60 Acre Mineral Lease:

It is located on a well-defined and prominent soil-gas anomaly. A key offset well, 355' SSW, provides valuable information, such as 11' of Tannehill Channel Sand with high porosity and permeability and high salt water saturation, which indicates it's low on the structure.

It is believed that drilling 355’ NNW of the Key well, the Cox #1 well, will gain significant structure. This drilling should be on top of the point bar where the oil is trapped, resulting in a highly productive outcome.

Our analysis shows that the Cox lease has tremendous potential for mineral extraction, and the proposed drilling operations should yield substantial returns.

"If fossil fuel production were stopped tomorrow,

the world would quickly grind to a halt."

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Climate Zeitgeist Reporter

September 30, 2023

Please click on the image above to view the article.

The Dettman 98-acre mineral Lease owned by Geochemical Exploration & Production Corp:

It is the ideal location for oil exploration, as it is boosted by being situated between two previously successful shallow oil fields.

The prospect area has undergone rigorous soil gas sampling, and 3D seismic data is also available, providing a comprehensive understanding of the subsurface geology. Moreover, open-hole electric logs from previously drilled wells are present, providing valuable information about the area's geological composition.

The combination of these three exploration techniques is an extremely potent method for identifying oil deposits.

The wells labeled #1B and #3 were both drilled with the expectation that they would produce oil, but were ultimately unsuccessful. It is likely that the original operator made this assumption based on the presence of oil displays and open-hole logs. The third well, situated to the north, was able to produce a small amount of oil, but was not a significant source of income. On the surface, this information may seem discouraging.

However, a new operator in 1981 drilled between the three wells and was able to extract a decent quantity of oil that would yield approximately three times the investment, if drilled today.

GeoChem E&P Corp conducted a soil gas survey which showed that Wells #3, #2, and #1B were located in an area of low gas seepage. This led to two unproductive wells and one that was marginally successful, resulting in a total estimated loss of $1,350,000. These findings highlight the importance of conducting thorough soil gas surveys before drilling to determine the location and potential productivity of oil wells. By doing so, it can help to avoid costly and unnecessary drilling.

Therefore, GeoChem E&P Corp emphasizes the significance of comprehensive soil gas investigations before drilling to ensure optimal cost-effectiveness and success.

The Lackey #2a Well is an actual example of a Tannehill Channel Sand well. It was drilled in 1951 and struck oil at a depth of 2,737 feet from the ground level in the middle of the channel/sandbar's "most favorable spot." The initial flow rate of the well was 208 barrels of oil per day. Over the next 10 years, it produced 67,000 barrels of oil. The entire operation took approximately 15 days from the time the well was initiated until it started flowing oil into the tank batteries.

Then, 33 years later, an oil exploration company called Vermillion drilled a direct offset well 208 feet away from the Lackey #2A well. It was believed that it could have been a possible braided channel system, which would have been another highly productive well. Unfortunately, the decision to drill an offset well was ill-fated, and very little oil was produced.

We have gained significant insight into the highly productive oil channel sands that run through this region. This crucial observation highlights the immense potential of channel sands to generate impressive oil output despite their seemingly unremarkable size. It underscores the importance of channel sands as the most valuable and profitable oil pay in this basin.

Prospect Acer Area: Located in northwest Taylor County, Texas

The above image on the right shows the one-square-mile prospect area; a tightly spaced grid of a minimum of 330 feet was used to collect 375 soil gas samples. Within this area, 19 wells had been previously drilled, of which 11 were productive. The remaining 8 wells were dry holes. However, GeoChem's Handheld Gas Spectrometer accurately predicted all 8 dry holes with 100% precision. Moreover, the spectrometer detected clear drainage patterns originating from the productive wells.

Our team has conducted a comprehensive soil gas sampling program within a one-square-mile prospect area, which has yielded compelling evidence pointing to the presence of multiple oil reservoirs that have yet to be discovered. Our findings suggest that there is significant potential for untapped resources in the vicinity, which warrants further exploration and analysis.

These results can provide valuable insights into the geology of the region and pave the way for enhanced oil recovery strategies. With this knowledge, we can develop more effective techniques that can optimize the extraction process and improve the overall recovery of oil from the reservoirs.

These findings are significant and can have a substantial impact on the oil and gas industry. We believe that further research and analysis are necessary to fully understand the potential of the region and to maximize the benefits of these untapped resources.

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Investopedia Oil: A Big Investment with Big Tax Breaks.

When it comes to tax-advantaged investments for wealthy or sophisticated investors, one commodity continues to stand alone above all others: oil. With the U.S. government's backing, domestic energy production has created a litany of tax incentives for both investors and small producers, and oil is no exception.

DISCLAIMER: The information on this email is for Informational only. GeoChemcial Exploration & Production Corp.’s prior performance is not indicative of future results, and there can be no prediction as to the future production, if any, of any oil and gas well to be drilled. Exploration for oil and gas is extremely hazardous and involves a high degree of risk of loss of all or a portion of the investment. In general, the industry ratio of productive oil and gas wells has been low when compared to the total number of wells drilled. In addition, completion of a well does not necessarily assure the recovery of cost expended.(See "Risk Factors" in Private Placement Memorandum") The information on this email is not investment advice and should not be relied upon for any investment purpose. All statements made herein, except those expressly made as a statement of fact, including plans, intentions, beliefs, and projections, are forward-looking statements, involve risks and uncertainties, and should be evaluated as such. All statements related to any past or current offering of Geochemcial Exploration & Production Corp., or its subsidiaries or affiliates are expressly qualified and made subject to the applicable offering document(s) and all information, disclosures, and disclaimers contained therein. This email is not intended, nor should it be construed, as providing tax, investment, or legal advice. Further, this email and any files transmitted herewith are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error, please notify the sender immediately.