Common use of Extension of the Assessment Program Clause in Contracts

Extension of the Assessment Program. If THE CONTRACTOR decides to drill Exploration ▇▇▇▇▇ not forecast in the Assessment Program initially presented, ▇▇▇ may extend the duration of the Assessment Program for an additional period that will not exceed one (1) year, provided the following conditions are met: a) That THE CONTRACTOR makes a written request to ▇▇▇ at least two (2) months prior to the date of termination of the initial period. b) That THE CONTRACTOR is diligently undertaking the Assessment Operations included in the Assessment Program. c) That the extension requested is reasonable for the time necessary for drilling and testing the Well or additional Exploration ▇▇▇▇▇. With the request, THE CONTRACTOR will provide ▇▇▇ the documents supporting the request.

Extension of the Assessment Program. If THE CONTRACTOR decides to drill Exploration ▇▇▇▇▇ not forecast in the Assessment Program initially presented, ▇▇▇ may extend the duration of the Assessment Program for an additional period that will not exceed one (1) year, provided the following conditions are met: a) That THE CONTRACTOR makes a written request to ▇▇▇ at least two (2) months prior to the date of termination of the initial period. b) That THE CONTRACTOR is diligently undertaking the Assessment Operations included in the Assessment Program. c) That the extension requested is reasonable for the time necessary for drilling and testing the Well or additional Exploration ▇▇▇▇▇. With the request, THE CONTRACTOR will provide ▇▇▇ the documents supporting the request.