The monthly cycle
Money received by the 25th converts to shares on the 1st at the month-end NAV. Holders of record at period-end are paid on or about the 5th.
This month
Step by step
The last day for money to arrive and still convert on the coming 1st. Card and USDC payments arrive in minutes; wires can take one to three business days, so send early.
Every funded subscription becomes shares at the prior month-end NAV per share. Shares are recorded in your name by the transfer agent and mirrored on-chain. Your money was cash until now — refundable on request.
NAV is struck as of the last day of the month from the reserve roll-forward, actual production and the strip. At the end of each distribution period the same day is the record date: hold shares that day and the distribution is yours.
The distribution is computed per share, withholding is applied to each holder, and the net is sent in USDC or to your bank. Held in dollars if you have not chosen a method yet.
An example
Real dates from this month's cycle, and the latest published NAV and distribution.
Cycle dates are not available right now.
Depends on the cadence in force when you convert. Distributions are paid quarterly until NAV reaches $20.00M, then monthly.
| Cadence | Shares issued | First record date | First pay date |
|---|---|---|---|
| Quarterly current | Oct 1, 2026 | Dec 31, 2026 | ~Jan 5, 2027 |
| Monthly | Oct 1, 2026 | Oct 31, 2026 | ~Nov 5, 2026 |
Illustrative only. Nothing here is a forecast or a guarantee. Oil and gas interests are wasting assets: production declines as reserves are produced, distributions vary and include a return of capital, and NAV per share is an estimate that will change. Nothing on this page is an offer to sell or a solicitation of an offer to buy any security. The example uses the latest published NAV and the last distribution paid; the actual NAV and distribution for your period will differ.
Fund by the 25th and your shares are issued on the 1st.