| Default options |  |
Default options
Default values are values which are initially set for any new projects, but can be changed in the project settings (See General Data / Project Data). From the menu select Tools - Options
# Months to ignore economic limit
WellSpring will shut a case down when the operating income falls below zero. If a project has expenditures before the revenue stream ramps up, then you will need to add a buffer at the start of the case to ignore the economic limit. Typical values might be 12-60 months. Refer to Economic Limit for more detail on how the economic limit behaves.
Economic Model
The economic model determines which fiscal royalty system WellSpring will use. There are default models for the western Canadian provinces, as well as American states. There are also international PSC's available. Default (Enersight models) can be used, or companies can create their own versions of the models to define custom capital and operating cost definitions.
Base Price Set
This is the default price that will be used for new projects.
Currency
Default currency for data input
Discount Date
This is the date that will be used for any Net Present Value calculations.
Real Dollar Date
This is the date from which escalations of opcost, capital and processing fee will be done. Price escalation is controlled within the price sets. See Price Sets for more information.
See also