Qualified Operator. On or before March 30'", 2012 Farmee must obtain approval to hold EUB Licences ("Operator Status") from the Alberta Energy and Utilities Board. Farmee shall provide the Farmor with documentation supporting the operator status prior to the spud date of the Test Well. If the Fannee has not obtained Operator Status, this Agreement will terminate and the non performance penalty as set out in Clause 6 will be in effect.
Appears in 2 contracts
Sources: Farmout Agreement, Farmout Agreement (Strongbow Resources Inc.)