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 

The Dealmaker...

Each partnership has one main "dealmaker," the financier who is taking most of the initiative to put the partnership together. Such financiers will definitely be practicing their negotiating skills.

 

Controlling Your Destiny

Being regarded as a fair and trusted dealmaker is a good reputation to have in an OilFinancier seminar. Spend the early part of the seminar to build up this reputation: it will certainly be easier for you to make efficient deals later.


From the perspective of the administrator, the dealmaker is the person who submits the agreement to the administrator. This official dealmaker can be a different person from the real dealmaker.


Pulling a Fast One
Some partners may feel they can pull a fast one by editing some of the terms of the original agreement (to their advantage) when they send their verification back to the administrator. Even if the administrator fails to see these changes, the partner is still bound by the terms of the original agreement. In other words, if you don’t like the terms of the original agreement, do not verify that agreement!

Note: Please refrain from making Shotgun Agreements!


Top