Participating Party. A Party electing to participate in an operation conducted hereunder, paying its portion of the cost of the operation and being entitled to its portion of the benefits thereof.
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Sources: Sale Agreement, Sale of Properties (West Texas Resources, Inc.)
Participating Party. A Party electing to participate who joins in an operation conducted hereunderoperation, paying pays its portion of the cost and expense of the operation, and is entitled to its proportionate part of the benefits of the operation and being entitled pursuant to its portion the terms of the benefits thereofthis Agreement.
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