Impenetrable Substances Sample Clauses

Impenetrable Substances. If Company drills a farmout well to a depth shallower than the agreed upon Objective Depth and encounters impenetrables, including any formation which cannot be penetrated, or any adverse condition which cannot be overcome, by means considered reasonable and appropriate in the industry and at reasonable cost, Company will have the right to drill a substitute well in accordance with Subsection 5.3.2 above.

Impenetrable Substances. If McMoRan drills to a depth shallower than the agreed upon Objective Depth and encounters "impenetrables," including any formation which cannot be penetrated, or any adverse condition which cannot be overcome, by means considered reasonable and appropriate in the industry and at reasonable cost, McMoRan shall have the right to drill a substitute well in accordance with Subsection 5.4.2 above.