There are several books that are recommended reading to educate you on how deals are structured, and how to evaluate a prospect, without getting too wrapped up in the technical side of oil exploration and extraction. Here’s a selection of a few good ones to start with, I’ve provided you with direct links to Amazon:
Come Drill A Well In My Backyard – Vincent Scoper Jr
Money In The Ground – John Orban III
Investing In Oil & Gas, the ABC’s of DPP’s – Kathy Heshelow
Non Technical Guide to Petroleum Geology, Exploration, Drilling, and Production – Norman.J.Hyne
Call me or drop me a line after you’ve read a few and let me know what you think.
Also, for your knowledge and Due Diligence phase click on the links below. They will open a window on the website of a third party. These links are provided for your convenience, the content of which has not been verified.
SCIENCE AND TECHNICAL
THE BUSINESS OF OIL