Proceeds of Production. All of the proceeds from the sale of the Company’s interest in Hydrocarbons produced from the W▇▇▇▇ (net of mineral owner royalty) are being received by the Company in a timely manner and are not being held in suspense for any reason.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Petro River Oil Corp.), Securities Purchase Agreement (Petro River Oil Corp.)