
The Largest Natural Gas Discovery in The Western U.S. in Four Decades
The same team behind Ultra Petroleum's 133,000% stock gain is developing America's last untouched natural gas basin—now projecting $201M annual cash flow by 2027
The Team That Turned 15 Cents Into $200 Per Share Is Back
Marc Bruner knows how to find energy wealth in Wyoming. Twenty-five years ago, he took Ultra Petroleum from a 15-cent penny stock to over $200 per share—developing the massive 49 TCF Jonah-Pinedale gas fields just 100 miles from his current discovery. Early investors watched their investments grow by an astounding 133,000%.
Now Bruner is applying that same expertise to what industry geologists are calling the largest natural gas discovery in the Western U.S. in four decades. This time, he's working with a team that includes Steve Richards, a 37-year Schlumberger veteran who was part of the original team that developed those same Jonah-Pinedale discoveries.
The reason this Wyoming basin remained untouched has nothing to do with geology. Federal restrictions tied to historical uranium mining kept energy companies out for 40 years. When those restrictions were finally lifted three years ago, Bruner got the call.

"We are opening up many of those [facilities] right now... America will be a manufacturing nation once again, and we have something that no other nation will ever have — the largest amount of oil and gas of any country on Earth."— President Trump, Address to Joint Session of Congress, March 4, 2025
Massive "Stacked Pay" Discovery—Like Having 6+ Gas Fields in One Location
The first well they drilled confirmed what geologists suspected. The basin contains 3,400 feet of "stacked pay zones"—multiple productive gas layers stacked vertically like a geological layer cake. Think of it as 6+ separate gas fields layered on top of each other, each capable of independent development.
To put this in perspective: the Permian Basin averages ~2,000 feet of stacked pay, Eagle Ford ~500 feet, and Bakken ~300 feet. Lost Soldier's 3,400 feet of confirmed zones is massive—with an additional 4,000 feet of deeper zones yet to be tested.
Early tests show the gas is 90% pure methane, which means it can go straight into pipelines without processing. The geological data suggests they can drill over 500 wells in the area they've already mapped, with 6+ trillion cubic feet of gas already discovered.
Perfect Timing as Natural Gas Prices Prepare to Double

The timing couldn't be better. The U.S. Energy Information Administration forecasts natural gas prices will nearly double from 2024's record lows to over $4.00 per million BTU by 2026. This price recovery is being driven by massive new demand from data centers powering artificial intelligence, plus growing exports to Asia and Europe.
Lost Soldier sits just five miles from the Contango pipeline, which can transport 450 million cubic feet of gas per day but currently runs mostly empty. The company connects to the Wamsutter Hub, which trades at a premium to Henry Hub prices due to West Coast access. Billions of dollars in infrastructure from legacy Wyoming gas fields creates a ready-made highway to market.
The company's financial projections show $201 million in annual cash flow by 2027 from just the initial 20-25 wells. Individual investors in the current Class C round are projected to see cash flow starting at $3,700 per unit in 2026, rising to $181,860 per unit by 2035—representing a 33% internal rate of return with a 4.2-year payout period. This cash flow is based on two of the seven formations which comprise the discovery. And it should increase substantially as the other formations are developed and added to production.
Proven Team with Track Record of Giant Wyoming Discoveries
CEO Marc Bruner previously developed the 49 TCF Jonah-Pinedale gas fields—Wyoming's largest gas discovery. His track record includes taking Ultra Petroleum from 15 cents to $200 per share. As well as founding Pennaco Energy, which went from start-up to a $400 million buyout in less than three years.
President Steve Richards is a 37-year Schlumberger veteran who led the original team that developed the Jonah-Pinedale discoveries. He's an expert in the exact type of unconventional reservoirs found at Lost Soldier.
Industry Validation: Wayne Andrews, who spent 15 years as an energy analyst at Raymond James and wrote the research that helped make Ultra Petroleum one of the best-performing energy stocks of the 1990s and 2000s, calls this discovery "unlike anything I've seen in my career."
The team has already raised $65+ million from investors, with Series A and B rounds fully subscribed. This demonstrates significant institutional confidence in both the discovery and the management team.
Infrastructure Worth Billions Already in Place
Most energy discoveries face a decade-long wait to build the pipelines, processing facilities, and transportation networks needed to bring resources to market. Lost Soldier faces no such delay.
The Contango pipeline system connects directly to the Wamsutter Hub, a major junction that feeds gas to California, the Pacific Northwest, and Mexico. With California's data centers driving unprecedented power demand and Asia importing record amounts of American LNG, every molecule of clean-burning natural gas has multiple eager buyers.
Steve Richards, estimates they can fill the existing pipeline capacity within three years. The company's financial projections show this could generate over $200 million in annual cash flow at current gas price forecasts.

What Lies Beneath Could Be Even Bigger
Lost Soldier's natural gas discovery is likely just the beginning. Geologist Mike Pinnell, who has studied this region since the 1970s, believes significant oil reserves lie in deeper formations that haven't been tested yet.
Oil seeps found throughout the area suggest the presence of substantial crude oil deposits. Pinnell's analysis indicates the upper zones alone could contain 113 million barrels of oil and 131 billion cubic feet of natural gas. Deeper formations could hold an additional 83 million barrels.
The nearby Lost Soldier oilfield, discovered in 1917, has produced over 400 million barrels and continues pumping more than one million barrels annually. If Pinnell's geological analysis proves correct, the new discovery could rival or exceed that historic production.
A Rare Investment Structure Can Create A 100% Tax Deduction For Qualified Investors
Lost Soldier has structured this opportunity as a limited liability company that passes through significant tax benefits typically reserved for institutional investors. Participants receive working interests, overriding royalties, and equity stakes—multiple income streams from a single investment.
The intangible drilling costs alone provide write-offs of approximately 65% of the investment amount in the first year. The remaining 35% can be used to reduce taxable income over five to seven years, creating a 100% tax deduction for qualified investors.
Tony Lotito, the company's CFO who has taken several energy companies public, projects cash returns of 8-10 times the initial investment over 15 years based solely on the known natural gas reserves. This calculation doesn't include potential oil discoveries or the significant infrastructure value being created.
The Window Is Closing
Lost Soldier has already raised $65 million from investors who recognized the opportunity early. Series A and Series B funding rounds are complete and sold out, with Series C now accepting qualified participants.
The current Class C offering projects 8-10 times cash returns over 15 years based solely on developing the first two formations, with a 33% internal rate of return. Five more formations remain to be developed. Then there are the potential oil discoveries together with additional infrastructure value creation.
Investment momentum is accelerating as the news of the Lost Soldier opportunity spreads. Already Lost Soldier has been discovered by superstar energy analysts such as Wayne Andrews and is featured in the Republican news circuit backed by MAGA giants such as Steve Bannon, Charlie Kirk and the Television show host the media refers to as the "Capitalist Evangelist" Wayne Root. Once production begins in the coming months, and cash flow is established, future investment rounds will be priced significantly higher – if there are any.
Marc Bruner's previous investors who got in early with Ultra Petroleum watched a small investment turn into generational wealth. As Kip Herriage, one of Wall Street's top Investment advisors recounts, $10,000 invested when Ultra Petroleum started grew to $13 million at its peak. Those who waited until the story became widely known paid much higher prices for considerably smaller returns.
See Why Energy Experts Are Calling This the Discovery of a Lifetime
The facts speak for themselves. America's last untouched energy basin. A proven management team. Perfect market timing. Existing infrastructure. Federal government support. Multiple revenue streams.
But the window for early participation won't stay open long.
Get the complete investor presentation and speak directly with a project expert who can answer your questions about this opportunity.
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