Well Status. There are no Xxxxx located on the Properties that: (a) Seller is currently obligated by law or contract to plug and abandon; (b) Seller will not be obligated by law or contract to plug or abandon with the lapse of time or notice or both because the Well is not currently capable of producing in commercial quantities; (c) are subject to exceptions to a requirement to plug and abandon issued by a regulatory authority having jurisdiction over the Properties; or, (d) to the best knowledge of Seller, have been plugged and abandoned but have not been plugged in accordance with all applicable requirements of each regulatory authority having jurisdiction over the Properties.
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Samples: Purchase and Sale Agreement (Rockdale Resources Corp), Purchase and Sale Agreement (Sun River Energy, Inc), Asset Purchase Agreement (Us Natural Gas Corp)
Well Status. There are no Xxxxx xxxxx located on the Properties that: (a) ----------- Seller is currently obligated by law or contract to plug and abandon; (b) Seller will not be obligated by law or contract to plug or abandon with the lapse of time or notice or both because the Well well is not currently capable of producing in commercial quantities; (c) are subject to exceptions to a requirement to plug and abandon issued by a regulatory authority having jurisdiction over the Properties; or, (d) to the best knowledge of Seller, have been plugged and abandoned but have not been plugged in accordance with all applicable requirements of each regulatory authority having jurisdiction over the Properties.
Appears in 1 contract
Samples: Purchase and Sale Agreement (High Plains Gas, Inc.)
Well Status. There are no Xxxxx Wxxxx located on the Properties that: (a) Seller is currently obligated by law or contract to plug and abandon; (b) Seller will not be obligated by law or contract to plug or abandon with the lapse of time or notice or both because the Well is not currently capable of producing in commercial quantities; (c) are subject to exceptions to a requirement to plug and abandon issued by a regulatory authority having jurisdiction over the Properties; or, (d) to the best knowledge of Seller, have been plugged and abandoned but have not been plugged in accordance with all applicable requirements of each regulatory authority having jurisdiction over the Properties.
Appears in 1 contract
Samples: Asset Purchase Agreement (Soligen Technologies Inc)
Well Status. There are no Xxxxx xxxxx located on the Properties that: (a) Seller is currently obligated by law or contract to plug and abandon; (b) Seller will not be is obligated by law or contract to plug or abandon with the lapse of time or notice or both because the Well well is not currently capable of producing in commercial quantities; (c) are subject to exceptions to a requirement to plug and abandon issued by a regulatory authority having jurisdiction over the Properties; or, (d) to the best knowledge of Seller, have been plugged and abandoned but have not been plugged in accordance with all applicable requirements of each regulatory authority having jurisdiction over the Properties.
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