1First Exploratory Well Sample Clauses

1First Exploratory Well. If a Participating Party proceeds with the timely commencement of the drilling of the first Exploratory Well as a Non-Consent Operation and (a) the first Exploratory Well is drilled to its Objective Depth; (b) the first Exploratory Well is drilled to a depth shallower than its Objective Depth and ___________ percent (__ %) or more of the total amount of the AFE for that Exploratory Well is expended; or (c) the first Exploratory Well is abandoned under Article