Common use of Exploration Activities Clause in Contracts

Exploration Activities. 3.1 General Separate accounts will be maintained for Exploration Costs incurred in respect of ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ and in respect of the Contract Area as defined in the Eastern Minerals COW ("Eastern Area").