Petrocalc Corporation

Economics #2

2.  Can MICA perform ownership reversions?

Yes.  MICA can perform on automatic ownership reversion.  The reversion can be triggered on a specific date set by the user, a specific amount of net cumulative cash flow, or the reversion date of another well's reversion.  In addition, MICA can perform a "basket case" reversion.  That is, whenever a project's total cash flow equals a specified amount, it will revert the ownership of each well in the project.

Further, since MICA calculates economics on a monthly basis, the user can schedule any number of ownership reversions manually by simply setting the ownership interests in any month of the case.

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