Common use of Exploration Period Clause in Contracts

Exploration Period. This is the term that THE ASSOCIATE has to fulfill the obligations set forth in Clause 5 hereunder, which shall not exceed five and a half (5.5) years as of the Effective Date, except for the events considered in Clauses 5 (Item 5.4), 9 (number 9.3), and 34.

Appears in 2 contracts

Samples: Investment and Expenses (Aviva Petroleum Inc /Tx/), www.resourcecontracts.org

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Exploration Period. This is the The term that for THE ASSOCIATE has to fulfill comply with the obligations set forth in Clause 5 hereunderhere in below, which shall not to exceed five and a half six (5.56) years as of from the Effective Date, except as provided for the events considered in Clauses 5 (Item 5.4), 9 (number numerals 9.3), 9.8) and 34.

Appears in 2 contracts

Samples: Rosablanca Association Contract (Midwestern Resources Inc), Rosablanca Association Contract (Seven Seas Petroleum Inc)

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Exploration Period. This is the term that The time available to THE ASSOCIATE has to fulfill for complying with the obligations set forth in Clause 5 hereunderof this contract, which shall not exceed five and a half six (5.56) years as of from the Effective Date, except for in the events considered cases contemplated in Clauses 5 (Item numeral 5.4), 9 (number numeral 9.3), ) and 34.

Appears in 1 contract

Samples: Harken Energy Corp

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