Common use of Exploration and Appraisal Clause in Contracts

Exploration and Appraisal. 6.2(A) Subject to Article 6.7, approval of any Work Program and Budget that includes: (1) An Exploration Well, whether by drilling, Deepening or Sidetracking, shall include approval for all expenditures necessary for drilling, Deepening or Sidetracking, as applicable, and Testing and Completing an Exploration Well.

Appears in 1 contract

Sources: Joint Operating Agreement (BPZ Resources, Inc.)

Exploration and Appraisal. 6.2(A) 6.2. A Subject to Article 6.76.8, approval of any Work Program and Budget that includes: (1) A.1 An Exploration Well, whether by drilling, Deepening or Sidetracking, shall include approval for all for: All expenditures necessary for drilling, Deepening or Sidetracking, as applicable, and Testing and Completing an Exploration Well.

Appears in 1 contract

Sources: Joint Operating Agreement (Duma Energy Corp)