Dry-Run JOA DRY RUNSeeded 4/20
Viride Options Program — Test Joint Operating Agreement • Program period: 2026-04-20 → 2026-05-30
JOA Template · JOA Executed · Status: Dry Run Active
Non-Cost-Bearing (Royalty & ORRI)
| Owner | Interest Type | WI % | NRI % (Before Payout) | NRI % (After Payout) | Notes |
|---|---|---|---|---|---|
| Viride, LLC | ROY | — | — | — | Royalty owner; no expense obligation |
| Gregory Pandolfo | ORRI | — | 10% | 10% | Overriding royalty; no expense obligation |
Working Interest (Cost-Bearing)
| Owner | Interest Type | WI % | NRI % (Before Payout) | NRI % (After Payout) | Notes |
|---|---|---|---|---|---|
| Gregory Pandolfo | WI | 33.33% (1/3) | ~23% | ~23% | Operator; carries 1/3 for 1/4 back after payout |
| Overland Investment Group, LLC (OIG) | WI | 66.67% (2/3) | ~50% | ~50% | Non-operator working interest; carried 1/3 by operator |