Common use of Statements of activity Clause in Contracts

Statements of activity. a) During the Exploration Period, Contractor shall supply ▇▇▇ within thirty (30) days from the end of each Calendar Quarter: i. a detailed accounting statement and list of costs and expenses and work performed during Calendar Quarter in question; ii. a statement of expenditure and receipts; iii. summary of the above information on a cumulative basis. These statements shall be in accordance with this Accounting Procedure. A summary of this information shall be provided on a yearly basis, within sixty (60) days from the end of each Calendar Year. b) During the Development Period, Contractor shall supply ▇▇▇ within thirty (30) days from the end of each Calendar Quarter or, in the case of the production statement, within seven (7) days from the end of each Calendar Month: i. a production statement; ii. a value of production statement; iii. a cost recovery statement; iv. a statement of expenditure and receipts; v. a profit oil and lifting's statement; vi. a detailed accounting statement and list of costs and expenses and work performed during Calendar Quarter in question;