Common use of PDL Clause in Contracts

PDL. If InterOil determines that the requirements for the issuance of a PDL covering a Field into which an Exploration Well was drilled have been met, InterOil will request the declaration of a location under the Oil and Gas Act, which will include Blocks or portions of Blocks sufficient, in InterOil's judgment, to cover fully the Field(s) to the extent that such Blocks are in the Licence Areas (a "PARTICIPATION AREA").

PDL. If InterOil determines that the requirements for the issuance of a PDL covering a Field into which an Exploration Well was drilled have been met, InterOil will request the declaration of a location under the Oil and Gas Act, which will include Blocks or portions of Blocks sufficient, in InterOil's ’s judgment, to cover fully the Field(s) to the extent that such Blocks are in the Licence Areas (a "PARTICIPATION AREA"“Participation Area”).