Common use of Drilling Program Clause in Contracts

Drilling Program. It is the intent and agreement of ESI and Investors to initially drill a minimum of four (4) ▇▇▇▇▇ as the first part of the drilling program. As set forth herein, Investors shall have the option to finance and invest in an additional twenty (20) gas ▇▇▇▇▇ over an eighteen (18) month period from the date first above written. Each well drilled shall have 20 days to finance the said ▇▇▇▇▇ by the investors. ESI and Investors shall each have the specific duties, obligations and responsibilities as described and set forth in this Agreement, and specifically Section 2, below.