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.
Exploration Period means the period defined in Article 6.
Examples of Exploration Period in a sentence
Notwithstanding a decision of the Operating Committee made under clause 5, any Party shall have the right to enter into or extend the term of any Exploration Period or Exploitation Period or any phase of the Permits or to extend the term of the Permits, regardless of the level of support in the Operating Committee.
More Definitions of Exploration Period
Exploration Period means the period beginning the Operative Date and ending the date a Production Notice is given and Construction Costs are fully committed.
Exploration Period means the Initial Exploration Period and the Additional Exploration Period (as extended), as the case may be, during which Exploration Operations are undertaken by the Contractor; "Exploration Operations" include geological, geophysical and Geochemical surveys and analyses, aerial mapping, investigations of subsurface geology, stratigraphic tests, drilling Exploratory Xxxxx and work necessarily connected therewith;
Exploration Period means the period during which Exploration Operations may be carried out by the Contractor subject to the provisions of Article 3.
Exploration Period means the period granted to the Contractor to conduct Surface Reconnaissance and Exploration, Exploration and Appraisal activities, which consists of the Initial Exploration Period, the First Additional Exploration Period (if any), the Second Additional Exploration Period (if any) and the Appraisal Period (if any).
Exploration Period means the Initial Exploration Period, the First Renewal Exploration Period or the Second Renewal Exploration Period;
Exploration Period means the period commencing on the Effective Date and continuing during the time provided for in Article 3.1 within which Contractor is authorised to carry out Exploration Operations and shall include any periods of extensions provided for in this Agreement. The period shall terminate with respect to any Discovery Area on the Date of Commercial Discovery in respect of such Discovery Area;
Exploration Period has the meaning ascribed to in Clause 4.1;