Minimum Exploration Work Program definition

Minimum Exploration Work Program means the Exploration Work to be completed before the end of the Initial Period or any of the Extension Periods referred to in Articles 4.2.1, 4.2.2 and 4.2.3.
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Minimum Exploration Work Program means the operations set out and described in Article 4.2 of this Agreement;
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Minimum Exploration Work Program means the operations set forth and described in paragraph 4.2 of the Petroleum Agreement;
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Examples of Minimum Exploration Work Program in a sentence

  • The estimated cost of such Minimum Exploration Work Program is four million US Dollars (US $4,000,000).

  • Minimum Exploration Work Program and Budget: MINIMUM EXPLORATION WORK PROGRAM AND BUDGET: -------------------------------------------- - Reprocess (1000 km of 2D seismic data related to the Block (U$ 300,000 USD).

  • Performance of the Minimum Exploration Work Program shall be deemed to constitute the fulfillment of all obligations related to payment of the estimated costs provided in Articles 4.2.1, 4.2.2, and 4.2.3 for the applicable period.

  • The estimated cost of such Minimum Exploration Work Program is four million US Dollars (US $ 4,000,000).

  • Article 4.2.6, it is understood and expressly agreed, that it is the performance of the Minimum Exploration Work Program and not the expenditures associated with the estimated cost thereof which shall determine KOSMOS’s compliance with this Agreement.

  • The estimated cost of such Minimum Exploration Work Program is seven million US Dollars (US$ 7,000,000).

  • The budget and the Minimum Expenditure Obligation for the Minimum Exploration Work Program during the forty-eight months of the Initial Period is twenty-five million US Dollars ($U.S. 25,000,000).

  • The estimated cost of such Minimum Exploration Work Program is thirty million US Dollars (US$ 30,000,000).


More Definitions of Minimum Exploration Work Program

Minimum Exploration Work Program means the operations set out and described in Article
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Related to Minimum Exploration Work Program

  • Work Program means a program of work reasonably acceptable to both parties in respect of a particular Property, contained in a written document setting out in reasonable detail; (i) An outline of the Mining Operations proposed to be undertaken and conducted on the Property, specifically stating the period of time during which the work contemplated by the proposed program is to be done and performed; (ii) The estimated cost of such Mining Operations including a proposed budget providing for estimated monthly cash requirements in advance and giving reasonable details; and (iii) The identity and credentials of the person or persons undertaking the Mining Operations so proposed if not the Optionor, reasonably acceptable to both parties hereto.

  • Exploration Operations means any operations carried out for or in connection with the exploration for minerals, and includes -

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • Work Programme means the document adopted by the Commission for the implementation of the specific programme28 in accordance with its Article 12 or the equivalent document in content and structure adopted by a funding body.

  • Annual Work Plan means each annual work plan, together with the related budget, for the Project approved by the Association pursuant to the provisions of Section I.B.3 of Schedule 2 to this Agreement.