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Hansel Energy Co. signed a dry-hole contribution agreement with Gretel Oil Inc. According to the agreement, Hansel Energy Co. may have to pay $10,000 to

Hansel Energy Co. signed a dry-hole contribution agreement with Gretel Oil Inc. According to the agreement, Hansel Energy Co. may have to pay $10,000 to Gretel Oil Inc. As a result of the drilling, the well is successful to find commercially producible reserves. Hansel Energy Co. has to pay Gretel Oil Inc.:

$0.

$5,000.

$10,000.

None of the above.

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