Quickstart     Cashflow File     Day     Participation     Other Financiers    Map     Oil Rights     Well Depths     Partnership     Dealmaker

  Shotgun Agreement     Running in the Red     Bankruptcy     Share Price     Corporate Position     Fast Track     Winning

  Leaving the Seminar  Hostile Areas  Subsidies  Joint Ventures  Administrator  Drilling Contractor  Rig Move Cost  Depletion

  Expiry of Rights  JV Leader  JV Drilling Decision    Posting Land    Waiving Extension Fees 

One OF day roughly corresponds to one calendar month of oilfield activity.

The seminar will last for 300 OF Days, which means you get 25 years of experience in making big oil deals while you turn your small oil company into a big oil company.

Most likely, the seminar will proceed at a rate of one OF day per calendar day from Monday to Saturday. It will take about one calendar year to complete the seminar.

This rate may increase if the seminar is quite active.

Meeting Deadlines

OilFinancier has several deadlines you need to be aware of.

You need to:

• get your post-votes in by one OF day.

• get your bid for new oil rights within 10 OF Days.

• confirm your drilling deals within three OF Days.

• vote for your JV drilling projects and corporate decisions within three OF Days.

• accept the offer for your JV share when another JV partner takes a majority stake within five OF days.

The official end of one OF Day and the start of another occurs when the administrator starts the paperwork for the new OF Day. If a bid, confirmation, or vote comes in while the administrator is working on the new OF day, it is too late.

In OF1, the transition of one OF Day to the next usually occurred between 7:00 a.m. and 10:00 a.m. Calgary (western Canada) time.  However, administrator's insomnia sometimes meant the transition occurred earlier. And sometimes a busy morning postponed the new OF Day for a few hours. If the administrator is running late, a late communication will still be accepted. 

These somewhat unpredictable deadlines will continue in future OilFinancier seminars. Just be warned that a new OF Day can start anytime after midnight Calgary time.

Get your bids, your confirmations, and votes in before this midnight deadline to ensure they get recorded in time.
 

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