DRILLING AND DEVELOPMENT. A. Initial Well: On or before , Operator shall commence the drilling of the Initial Well at the following location: and shall continue the drilling of the well with due diligence to test the appropriate formation(s) as determined by Operator. The drilling of the Initial Well and the participation in it by all parties is obligatory, subject to Article VI.C.1. as to participation in Completion operations and Article VI.F. as to termination of operations, and Article XI as to occurrence of force majeure.
Appears in 2 contracts
Samples: Golden Lane Participation Agreement (New Source Energy Partners L.P.), Golden Lane Participation Agreement (New Source Energy Corp)
