Exploration Period. The Exploration Period will last six (6) Years, as of the Effective Date and will be divided into the phases described in Annex C. The first phase begins on the Effective Date and the following phases on the Calendar Day immediately following the end of the preceding phase:
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Sources: Exploration and Production Contract, Exploration and Production Contract (GeoPark LTD), Exploration and Production Contract (GeoPark Holdings LTD)
Exploration Period. The Exploration Period will last for six (6) Years, as of Years from the Effective Date and will be divided into the phases described in Annex C. below. The first phase begins commences on the Effective Date and the following phases on the Calendar Day immediately following the end of the preceding phase:
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