EXCLUSIVE GEOPHYSICAL AGREEMENT # 3Exclusive Geophysical Agreement • August 22nd, 2007 • Louisiana
Contract Type FiledAugust 22nd, 2007 JurisdictionWHEREAS, under the provisions of Sub-Part A of Chapter 2 and Chapter 3, Title 30 of the Louisiana Revised Statutes of 1950, as amended, and other applicable law ( together the "Appropriate Law"), the State Mineral Board of the State of Louisiana ( the "Board"), acting as the duly authorized agent for the State of Louisiana ( the "State"), has determined that it will enter into exclusive geophysical agreements on a public bid basis in order to have 3D or other more advanced forms of geological or geophysical surveys ("Advanced Seismic") conducted on lands and waterbottoms owned by the State, to obtain for itself, as confidential material, access to the data resulting from said advanced seismic activity, and to promote, as a result thereof, the mineral leasing of said State lands and waterbottoms; and