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Knowledge Base Article

Oil, Gas and Mineral Draft

What is an Oil, Gas and Mineral draft?

These are drafts that you may have received from exploration/drilling companies. There are two ways these drafts can be redeemed, by visiting one of the Delta Community Branches or by mailing to one of our branches. You will not receive credit until Delta Community sends out the draft for collection and receives a check back from the collecting bank. It is noted on your draft the number of Banking Days or Calendar Days to process for collection. Which means it can take up to that period of time for draft to be negotiated.