Exploration and Development. Advise and assist Dominion Companies in all geological and exploration matters including the acquisition and surrender of acreage and the development of underground storage facilities.
Exploration and Development. Advise and assist System Companies --------------------------- in all geological and exploration matters including the acquisition and surrender of acreage and the development of underground storage facilities.
Exploration and Development. Advise and assist in geological and --------------------------- exploration matters including the acquisition and surrender of acreage and the development of underground storage facilities.
Exploration and Development. Neutron shall be obligated to expend $250,000.00 during the twelve-month period following the execution of this Agreement and an additional $250,000.00 during the next twelve month period to explore and/or develop the Premises.
Exploration and Development. All exploration and development operations on the properties of the Corporation and its subsidiaries, including all operations and activities relating to the construction, development and commissioning of the Mineral Properties, have been conducted in all material respects in accordance with good exploration, development and engineering practices and all applicable material workers' compensation and health and safety and workplace laws, regulations and policies have been complied with in all material respects.
Exploration and Development. (a) During the term of this agreement the Trust grants to Passport the right to enter into and on the property as set forth herein to explore for, develop, core drill and sample ores, minerals and metals which are or may be found therein or thereon; provided however, that such ores, minerals and metals may only be removed, treated and produced in de minimis amounts from the core borings, solely for the purpose of determining the saturation and existence of such ores, minerals and metals and in no event shall Passport be permitted to sell any such ores minerals or metals.
Exploration and Development. If the Management Committee for any reason fails to adopt an Exploration, Pre-Feasibility Study, Feasibility Study or Development Program and Budget, the Manager shall continue Operations at levels sufficient to maintain the Company Properties.
Exploration and Development. (c) Construction work and equipment destined for the exploitation and processing of ore.
Exploration and Development. Exploration and development costs are capitalised as intangible assets until the decision is made to proceed to development, whereupon the related expenditures are transferred to non-current assets as mining properties, or until the projects are determined not to be commercially viable, whereupon the related costs are written off to the income statement. Mining properties Once a decision is made to proceed with the development of a mining project, exploration and development expenditure other than that on buildings, machinery and equipment is capitalised under non-current assets as mining properties, together with any amount transferred from exploration and development. Depreciation, depletion and amortisation of mining properties are calculated using the ‘units of production method’ based upon actual production and estimated recoverable reserves. This amount is charged to cost of sales in the income statement. Foreign Exchange On consolidation, the results of overseas operations are translated into U.S.$, the presentational currency of the Group, at rates approximating to those prevailing when the transaction took place. Goodwill and fair value adjustments arising on the acquisition of an overseas entity are treated as assets and liabilities of the overseas entity and translated at the rate prevailing at the balance sheet date. The functional currency of JSC Kazakhaltyn MMC is deemed by the directors of that entity to be Kazakh Tenge. Exchange differences arising on translating the opening net assets at the opening rate and the results of overseas operations at the actual rate are recognised directly in equity (the ‘‘translation reserve’’).
Exploration and Development. APH shall propose xxxxx on the Lands or on lands with which portions of the Lands will be pooled or unitized, each such well being a “Program Well” and each such proposal being a “Proposal”. Each Proposal shall be in writing delivered to Owner and shall include all engineering, geologic, geophysical, and other information held by APH and relevant to such Proposal. As currently anticipated, the target depth for each Program Well shall be sufficient to test the Mississippian Formation, but future Program Xxxxx may test other formations, in accordance with Section 2.3 Each Proposal shall specify a spacing unit as required by governmental regulation or order or, in the absence of the same, on a spacing unit designated by APH, subject to the approval of Owner, which approval shall not be unreasonably withheld. In the event that the spacing unit requires the combination of separate tracts by pooling or unitization, at least forty (40) net mineral acres covered by Owner’s Leases shall be included in such pooled or unitized spacing unit and at least fifty percent (50%) of the net mineral acres included in such pooled or unitized spacing unit shall consist of Owner’s Leases. Each such spacing unit, whether or not a pooled or unitized tract, shall be a “Program Well Unit.” A Proposal shall include any necessary lease facilities, including saltwater disposal facilities, but shall not include any off-lease facilities such as gathering systems or pipelines. Subject to regulatory constraints, a Proposal may be made for the drilling of an additional Program Well on an existing Program Well Unit.
