ANEC definition

ANEC. (received 7 November 2023); (8) National Farmers Union “NFU” (received 7 November 2023);
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ANEC means American Natural Energy Corporation, an Oklahoma corporation.
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Examples of ANEC in a sentence

  • ANEC shall provide copies of the reprocessed 3D seismic and additional information at no cost to ExxonMobil, except that ExxonMobil shall reimburse ANEC for reasonable costs of reproducing such information.

  • ANEC shall be designated operator under each JOA; however, ExxonMobil shall have the right, to be exercised in its sole discretion at any time, to assume operatorship of any Drilling Prospect(s), and ANEC shall remain operator of any remaining Drilling Prospects.

  • Nothing in this Agreement shall oblige ANEC to spend any money or otherwise incur any liabilities whatsoever that are not fully recoverable through the Collaborative Procurement Budget.

  • ANEC may proceed with development at its own risk and expense subject to ExxonMobil's reserved 20% royalty interest.

  • The termination of the role of ANEC shall not terminate the rights of the remaining parties and this Agreement shall continue as between the Parties from the date of substitution of ANEC with that replacement Local Authority Party or other body.

  • ANEC acknowledges that its working interest in the acreage it is committing or may subsequently acquire in the AMI may be less than 100%, and furthermore that its working interest in the AMI is burdened by overriding royalty interests, net profits interests, production payments and/or other burdens on production.

  • ExxonMobil issues a one-year oil and gas lease to ANEC from the surface to the stratigraphic equivalent of the base of the formation into which ANEC completes a well capable of producing oil and/or gas in paying quantities, encompassing solely the area of the Drilling Prospect, reserving to ExxonMobil a twenty-five percent (25%) royalty interest.

  • Class 3 Acreage: ANEC issues a one-year sublease to ExxonMobil from the surface to the stratigraphic equivalent of the base of the formation into which ExxonMobil completes a well capable of producing oil and/or gas in paying quantities, encompassing solely the area of the Drilling Prospect, reserving to ANEC an overriding royalty interest of thirty percent (30%) less existing lease burdens.

  • All cost and expense related to such reprocessing have been assumed by ANEC and ExxonMobil shall have no liability therefor.

  • Agreement this agreement including all schedules and documents annexed hereto; ANEC means the Association of North East Councils Limited Arrangement the Arrangement dated 28 October 2010.