COSTS AND EXPENDITURES. 7.1 Subject to of the Concession Agreement, each of the Working Interest Owners shall be severally liable for and shall bear all Expenditures incurred by the Operator for the Joint Account in proportion to its Working Interest from time to time. 7.2 Subject to the provisions of this Joint Operating Agreement, each of the Working Interest Owners shall own at any given time an undivided share equal to its Working Interest contribution in all property acquired hereunder. 7.3 All charges to the Joint Account and all matters of Accounting Procedure between the Working Interest Owners shall be governed by these provisions and provisions of the Accounting Procedure. If any conflict or discrepancy exists between these provisions and those contained in the Accounting Procedure, the provisions of this Joint Operating Agreement shall prevail.
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Sources: Petroleum Concession Agreement, Petroleum Concession Agreement, Petroleum Concession Agreement