Examples of Target Depth in a sentence
The day the well will be deemed to have been drilled shall be the date it reaches Target Depth, as show by the daily drilling reports.
The depth of the Third Option Test Well shall be to the specified depth or to a depth sufficient to test (penetrate) the upper 50 feet of the Precambrian Basement whichever is the greater depth, or to another depth as agreed to by the Parties (with such depth being the "Target Depth").
Until March 1, 2007, Noble shall have the right to acquire an Undivided Interest in the Leases by drilling a total of 20 xxxxx on the Lands to the Target Depth (collectively, the “Earning Xxxxx”); such Earning Xxxxx to be drilled under the following time table: 10 xxxxx drilled on or before December 31, 2006, and 10 xxxxx drilled on or before March 1, 2007.
The depth of the Second Option Test Well shall be to the specified depth or to a depth sufficient to test (penetrate) the upper 50 feet of the Precambrian Basement whichever is the greater depth, or to another depth as agreed to by the Parties (with such depth being the "Target Depth").