Common use of Notice of a Discovery Clause in Contracts

Notice of a Discovery. The Contractor shall provide notice to CNH within five (5) Business Days after any Discovery is confirmed. In addition, within fifteen (15) Days from giving notice of the Discovery, the Contractor shall submit to CNH: (i) all available Technical Information related to the Discovery, including details as to quality, flow and geological formations; (ii) a report analyzing such information and establishing details related to a possible Well testing program, and (iii) its preliminary criteria as to the advisability of conducting an Appraisal of such Discovery, pursuant to the Applicable Laws.

Notice of a Discovery. The Contractor shall provide notice to CNH within five (5) Business Days after any Discovery is confirmed. In addition, within fifteen (15) Days from giving notice of the Discovery, the Contractor shall submit to CNH: (i) all available Technical Information related to the Discovery, including details as to quality, flow and geological formations; , (ii) a report analyzing such information and establishing details related to a possible Well testing program, and (iii) its preliminary criteria as to the advisability of conducting an Appraisal of such Discovery, pursuant to the Applicable Laws.

Notice of a Discovery. The Contractor shall provide notice to CNH within five (5) Business Days after any Discovery is confirmed. In addition, within fifteen (15) Days from giving notice of the Discovery, the Contractor shall submit to CNH: (i) all available Technical Information related to the Discovery, including details as to quality, flow and geological formations; (ii) a report analyzing such information and establishing details related to a possible Well testing program, and (iii) its preliminary criteria as to the advisability of conducting an Appraisal of such Discovery, pursuant to the Applicable Laws.. Contract No. CNH-R01-L01-A2/2015