Conventional. Evaluation ----------------------- Notwithstanding the use of the SFD Information in evaluating the Exploration Areas, the Parties hereto agree and acknowledge that any Exploratory Prospect (including Existing Exploratory Prospects) evaluated under this Agreement shall have been evaluated using such geological, geophysical, engineering, mapping, seismic and technological data or information, including without limitation the Basic Geophysical Data, available to either Encal or Pinnacle in addition to the SFD Information such that any successes or failures in drilling on an Exploratory Prospect shall be attributed to all of the information and data utilized evaluating and determining the Exploratory Prospect.
Appears in 2 contracts
Sources: Exploration Joint Venture Agreement (Pinnacle Oil International Inc), Exploration Joint Venture Agreement (Pinnacle Oil International Inc)