Retsil · Pay-on-success structure
Most operators will not hand a stranger a large upfront fee to be told where to drill. So don't. Pay a reduced engagement fee for the work, drill the location I hand you, and if that well reaches commercial production, a negotiated one-time success fee becomes due. If it never produces, you owe nothing more. My upside is tied to yours.
Step 1
Reduced engagement fee
Covers the analysis, ranked locations, drilling plan, maps, and written report. Wired, 50% to start.
Step 2
You drill the location
Your geologist, your seismic, your engineer, your call. Nothing about this structure takes the decision away from you.
Step 3
Negotiated fee on production
Due only after first commercial production from that well. Dry hole, no bonus.
First commercial production from a well drilled at a location Retsil sited and delivered in writing under a signed engagement. Commercial production means the well is placed on production and sells hydrocarbons; a test flow or a well plugged before sales does not trigger it.
A negotiated, one-time flat success fee per qualifying well — not a royalty, not a working interest, and not a share of drilling, completion, or operating costs. The exact amount is set in the signed engagement before any work begins.
Within 30 days of the first sales month for that well, invoiced and paid by bank wire. No card payment.
The bonus applies to each qualifying well drilled at a Retsil-delivered location during the engagement term, capped at the number of locations named in the signed agreement.
A reduced engagement fee covers the work itself — data, analysis, report, and working sessions. The success bonus sits on top and is only owed if a well produces.
It is not a guarantee, an insurance policy, or a promise of production. If no well produces, no bonus is owed and Retsil keeps only the reduced engagement fee.
The success bonus is a contractual fee arrangement documented in a signed engagement agreement, not an offer of a royalty, working interest, or any security. The exact fee, well count, and engagement scope are negotiated and agreed in writing before any work begins. Retsil outputs are preliminary screenings built on public and client-supplied records — not certified geology, not a guarantee of production, and not a substitute for commissioned seismic, wireline logs, cores, title work, permitting, or review by a licensed petroleum geologist or drilling engineer. Privacy policy.