&LUFXODU
$3UDFWLFDO5RSH+DOWHUIRU&DWWOH
-(3DFH
5RSHKDOWHUVDUHQHFHVVDU\RQIDUPVZKHUHFDWWOH
DUHNHSW$OWKRXJKQRWDVHODERUDWHDVVRPHURSH
KDOWHUV\RXFDQPDNHDYHU\SUDFWLFDOVHUYLFHDEOHDQG
LQH[SHQVLYHKDOWHUE\XVLQJKRJULQJV7KHVHULQJVDQG
WKHVSHFLDOSOLHUVXVHGWRFODPSWKHPRQWKHURSHFDQEH
VHFXUHGIURPDQ\KDUGZDUHRUIDUPVXSSO\VWRUH
7KUHHSO\URSHRQHKDOIRIDQLQFKLQGLDPHWHUIRU
PDNLQJKDOWHUVIRU\HDUOLQJVDQGPDWXUHFDWWOH
7KUHHSO\URSHWKUHHHLJKWKVRIDQLQFKLQGLDPHWHU
IRUPDNLQJFDOIKDOWHUV
+RJULQJV6KRDWVL]HIRURQHKDOILQFKURSHDQG
SLJVL]HIRUWKUHHHLJKWKVLQFKURSH
3OLHUVIRUDWWDFKLQJULQJVRQURSH
7DSHIRUZUDSSLQJHQGVRIURSH,WPD\EHHLWKHU
SODVWLFHOHFWULFLDQ
VWDSHRUIULFWLRQWDSH
,16758&7,216
0HDVXUHIHHWRIURSH)LJXUH
)LJXUH
%\IROORZLQJWKHGLUHFWLRQVJLYHQEHORZ\RXFDQ
PDNHDKDOWHULQDPDWWHURIPLQXWHV)LJXUH
7KHHTXLSPHQWQHHGHGWRPDNHDURSHKDOWHU
GHVFULEHGLQWKLVOHDIOHWLVDVIROORZV
<DUGVWLFNIRUPHDVXULQJURSH
)LJXUH
7KLVGRFXPHQWLV&LUFXODURQHRIDVHULHVRIWKH'HSDUWPHQWRI$QLPDO6FLHQFH)ORULGD&RRSHUDWLYH([WHQVLRQ6HUYLFH,QVWLWXWHRI)RRGDQG$JULFXOWXUDO
6FLHQFHV8QLYHUVLW\RI)ORULGD5HSULQWHG0DUFK3OHDVHYLVLWWKH)$,56:HEVLWHDWKWWSKDPPRFNLIDVXIOHGX
-(3DFH5HWLUHG3URIHVVRU([WHQVLRQ%HHI6SHFLDOLVW'HSDUWPHQWRI$QLPDO6FLHQFH&RRSHUDWLYH([WHQVLRQ6HUYLFH,QVWLWXWHRI)RRGDQG$JULFXOWXUDO
6FLHQFHV8QLYHUVLW\RI)ORULGD*DLQHVYLOOH
7KH,QVWLWXWHRI)RRGDQG$JULFXOWXUDO6FLHQFHVLVDQHTXDORSSRUWXQLW\DIILUPDWLYHDFWLRQHPSOR\HUDXWKRUL]HGWRSURYLGHUHVHDUFKHGXFDWLRQDO
LQIRUPDWLRQDQGRWKHUVHUYLFHVRQO\WRLQGLYLGXDOVDQGLQVWLWXWLRQVWKDWIXQFWLRQZLWKRXWUHJDUGWRUDFHFRORUVH[DJHKDQGLFDSRUQDWLRQDORULJLQ
)RU LQIRUPDWLRQ RQ REWDLQLQJ RWKHU H[WHQVLRQ SXEOLFDWLRQV FRQWDFW \RXU FRXQW\ &RRSHUDWLYH ([WHQVLRQ 6HUYLFH RIILFH )ORULGD &RRSHUDWLYH
([WHQVLRQ6HUYLFH,QVWLWXWHRI)RRGDQG$JULFXOWXUDO6FLHQFHV8QLYHUVLW\RI)ORULGD&KULVWLQH7D\ORU:DGGLOO'HDQ
$3UDFWLFDO5RSH+DOWHUIRU&DWWOH
3DJH
DWWDFKHGRQWKHFRLOHQGDWWDFKWZRULQJVFORVHWRJHWKHU
DQGLQRSSRVLWHGLUHFWLRQV)LJXUH
7KHIHHWRIURSHZLWKKRJULQJVDWWDFKHG1RWH
WZRULQJVRQRQHHQGDQGRQHULQJRQWKHRWKHUHQG
)LJXUH
)LJXUH
$WWDFKDKRJULQJMXVWEH\RQGWKHIRRW
PHDVXUHPHQW7KLVZLOOSUHYHQWWKHFRLOHQGRIWKHURSH
IURPXQUDYHOLQJ)LJXUH
)LJXUH
$SSUR[LPDWHO\RQHLQFKIURPZKHUHWKHULQJZDV
:UDSHDFKHQGZLWKWDSH7KLVSUHYHQWVWKHURSH
IURPXQUDYHOLQJDQGFRYHUVWKHULQJV)LJXUH
7KHILUVWVWHSLQPDNLQJWKHKDOWHULVWRPHDVXUHWKH
QRVHSLHFH7KHQRVHSLHFHVKRXOGEHLQFKHVIRU
PDWXUHFDWWOHWRLQFKHVIRU\HDUOLQJVDQG
LQFKHVIRUFDOYHV,QPHDVXULQJWKHQRVHSLHFHXVHWKH
HQGRIWKHURSHWKDWKDVWZRKRJULQJV)LJXUH
)LJXUH
)LJXUH
$WWKHFRUUHFWPHDVXUHPHQWIRUWKHQRVHSLHFHWZLVW
WKHURSHLQRSSRVLWHGLUHFWLRQVDQGOLIWRQHVWUDQG$
ODUJHQDLORUZRRGHQSHJVKDUSHQHGRQRQHHQGFDQEH
LQVHUWHGXQGHUWKHUDLVHGVWUDQG)LJXUH
)LJXUH
0DUFK
$3UDFWLFDO5RSH+DOWHUIRU&DWWOH
3DJH
ORQJHQGRIWKHURSHWKURXJKWKHRSHQLQJXQWLOLWILWV
WLJKWO\)LJXUH
-XVWDERYHWKHSDUWLDOO\IRUPHGH\HUDLVHRQHVWUDQG
)LJXUH
)LJXUH
)LJXUH
$IWHUWKHVWUDQGKDVEHHQUDLVHGSXOOWKHORQJHQG
RIWKHURSHWKURXJKWKHRSHQLQJ7KLVLVWKHILUVWVWHSLQ
IRUPLQJWKHH\HRIWKHKDOWHU)LJXUH
7KHVL]HRIWKHH\HVVKRXOGQRWEHPRUHWKDQRQH
DQGRQHKDOIWLPHVWKHGLDPHWHURIWKHURSH3XOOWKH
)LJXUH
DQGSXOOWKHVKRUWHQGRIWKHURSHWKURXJK7KLV
FRPSOHWHVWKHH\H)LJXUH
7KHFRPSOHWHGH\HRIWKHKDOWHU)LJXUH
*UDVSWKHVKRUWURSHRQWKHWDSHGHQGZLWKWKHULJKW
KDQG0RYHWKHOHIWKDQGVWDWLRQDU\DQGWZLVWHQGRI
WKHURSHDJDLQVWWKHOD\ZLWKWKHULJKWKDQG7KLVZLOO
H[SRVHWKUHHVWUDQGV7ZLVWWKHVHVWUDQGVDKDOIWXUQ
7KLVZLOOIRUPWKUHHORRSV7KHODUJHVWORRSZLOOEH
DZD\IURPWKHHQGRIWKHURSH)LJXUH
)LJXUH
,QVHUWWKHORQJURSHOHDGURSHWKURXJKWKHORRS
IDUWKHVWIURPWKHWDSHGHQG7KHQLQVHUWLWWKURXJKWKH
RWKHUWZRORRSV)LJXUH
0DUFK
$3UDFWLFDO5RSH+DOWHUIRU&DWWOH
)LJXUH
3DJH
)LJXUH
IRUPLQJWKHKHDGSLHFHDQGQRVHSLHFH)LJXUH
,QVHUWWKHOHDGURSHWKURXJKWKHH\HDQGSXOODOOWKH
ZD\WKURXJK)LJXUH
)LJXUH
)LJXUH
7KHFRPSOHWHGKDOWHU)LJXUH
)LJXUH
7KHOHDGURSHSXOOHGWKURXJKWKHWKUHHORRSV
1RWHWKDWWKHWDSHGHQGVRIWKHURSHSRLQWLQWKHVDPH
GLUHFWLRQ)LJXUH
3XOOWKHOHDGURSHWKURXJKWKHWKUHHORRSV
0DUFK