Examples of Casing Point in a sentence
Participants shall deliver to Operator Participant’s share of the Turnkey Cost to Casing Point for drilling of the first Prospect Well, and the first Program initiated from successful financing will be for the Ellenburger Prospect Well formation at approximately 8,300 foot depth, as provided for in this Agreement and listed as follows in this section II.
Casing Point shall be defined as that point in time when the ITW (or Substitute Well therefor) has reached its Objective Depth and all open hole logs and tests have been conducted in accordance with the Approved AFE.
IOM-Ecuador provides training to local indigenous community members on a variety of health issues including acute respiratory infection, acute diarrhea disease, first aid and HIV/AIDS.
The Reassignment shall not be due, and RIDGEWOOD shall be deemed to have earned its record title interest in and to Leases, when the Promote Cap has been reached or upon the ITW being drilled to Casing Point, whichever is the earliest to occur.
RIDGEWOOD shall bear and pay thirty percent (30.0%) of the actual costs to drill and test the ITW to Casing Point ; however, if prior to reaching Casing Point the actual aggregate cost of the ITW, and any Substitute Well therefor, exceeds one hundred percent (100%) of the dry hole cost estimate provided for in the Approved AFE (“ Promote Cap”), RIDGEWOOD shall bear and pay fifteen percent (15%) of the actual costs to drill and test the ITW thereafter.