Subsequent Activities. Upon completion of the Carry ▇▇▇▇▇, the parties may proceed to drill additional Horizontal ▇▇▇▇▇ on the Berea Sandstone Program in accordance with the terms of the Operating Agreement on a heads up basis: Nytis 60% and Liberty 40%, each Proportionately Reduced.
Appears in 2 contracts
Sources: Participation Agreement (Carbon Natural Gas Co), Participation Agreement (Carbon Natural Gas Co)