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  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 

Leaving the Seminar...

A financier may leave the seminar when he has expressed a desire to do so and informs the administrator of his desire to resign.

There will be no refund of fees—partial or full—when a financier leaves.

If you feel like resigning, please consider just being inactive for a while before making your decision final. Remember that the seminar is about a year long, and you may feel like returning two or three months later.

A financier who resigns can give away or sell his spot in the seminar to another individual, if that individual is willing to pick up the assets of the former financier. There will be no charge for this transfer.

The Assets of the Resigned Financier

When a financier leaves a game, his successful wells and dry wells to the deep depth shall remain posted on the OF maps.

All other assets―such as cash flow, undrilled oil rights, shares in joint ventures, and drilling rigs―shall be auctioned off. The administrator will set up these auctions.

 


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