Estate - Entire lease belongs to the OilXCoin project
Override - Lease does not belong to the OilXCoin project, but OilXCoin participates in the Oil/Gas production of the lease through a overriding royalty
Joint Venture - OilXCoin has a contractual partnership with the lease owners
Legal Status
Initiation - Potential future lease, we are in negotiation with the lease owners
In Escrow - Lease is contractually secured, but has to be paid first
Complete - Legal process is completed.
Cancelled - Project has been shelved and will not be pursued any more
See Backing and Reinvestment for more information.
Asset
OIP - Oil in Place
GIP - Gas in Place
See Backing and Reinvestment for more information.
Estimated OIP/GIP value
Estimated using the 20 year average oil and gas price.
See Backing and Reinvestment for detailed information.
