Subsequent Test Well. In the event a well is proposed subsequent to the initial Test Well but prior to Post Casing Point Payout, ▇▇▇ shall have the option to participate in said well with 22.5% working interest pursuant to the terms and conditions of the Operating Agreement provided in Article V.
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Sources: Participation Agreement (Contango Oil & Gas Co), Participation Agreement (Contango Oil & Gas Co)
Subsequent Test Well. In the event a well is proposed subsequent to the initial Test Well but prior to Post Casing Point Payout, ▇▇▇ shall have the option to participate in said well with 22.510% working interest pursuant to the terms and conditions of the Operating Agreement provided in Article V.
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