Introduction     Rules     Agreement       Sale of Assets    Joint Venture

Here are the OilFinancier agreements (in MS WORD) to drill new wells.

First, here is a brief summary of the rules:

• Any investor to the agreement must have a positive cash balance on the day the deal is submitted to the administrator.
• The drilling contractor and owner of the oil rights can be in the red as long as they are not investors.
• All independent financiers must agree within three OF days.
• All joint ventures must agree as per their rules within three OF days.
• If the deal falls apart, the dealmaker or leader shall be fined.
• Once the agreement is finalized, the well(s) shall be placed on the drilling contractors wait list and drilled at the appropriate time. 

Download:

• The Single Well Agreement with Instructions
• The Single Well Agreement without Instructions
• The Unconditional  Well Agreement with Instructions
• The Unconditional  Well Agreement without Instructions
• The Conditional  Well Agreement with Instructions
• The Conditional  Well Agreement without Instructions

Fill in the blanks as to the terms you agreed to and send it the administrator.

Good Financial Strategy If you can, build your deals such if the first well is successful, your parnership will drill another well next to it. Conditional wells will produce more financially sound deals than single well or unconditional wells.

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