For next phase Sample Clauses

For next phase. If after drilling a Exploratory Well it turns out dry THE CONTRACTOR judges that Contracted Area forecast does not justify the drill of one (1) Exploratory Well contained in the Minimum Exploratory Plan of next phase of Exploration Period, THE CONTRACTOR shall be able to substitute said drilling by the acquisition and processing of a seismic program, provided that the financial effort be equivalent or better than the Minimum Exploratory Plan for the respective phase and that THE CONTRACTOR shall inform in advance and by writing to ▇▇▇ of the intended substitution.