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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 

Your partnership will have to pay the cost of moving the drilling rig from its last location to your location.

• The well known Pythagorean theorem will be used to calculate the distance between the two locations.

• Moving a conventional rig in the conventional area costs $12,000 per square.

• Moving a hostile rig in the hostile area costs $30,000 per square.

• Note that these moving costs are added to the usual cost of the well.

• When a rig is bought, it starts at square A10 (or A11 for a hostile rig).

Organization Strategies 1. Set up a multi-well drilling program that doesn't move the rig too far as it goes from well to well. 2. When moving a rig a long distance into a new area, plan for more than one well in that area  to spread the long moving costs over several locations.

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