Cheal Acquisition definition

Cheal Acquisition means the acquisition by TAG Oil on October 26, 2009, of the remaining 69.5% interest in PMP 38156-S and PEP 38738-01, which is located in the onshore portion of the Taranaki Basin in New Zealand, that it did not already own from the receiver appointed to Austral Pacific Energy Ltd.
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Cheal Acquisition has the meaning provided in Section 5.02(g) of this Agreement;
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Examples of Cheal Acquisition in a sentence

  • Note 8 – Asset retirement obligations The following is a continuity of asset retirement obligations (“ARO”) for the nine months ended December 31, 2009: Balance at March 31, 2009$ 812,522Accretion Expense32,109Increase in ARO for Cheal Acquisition 1,690,941 Balance at December 31, 2009$ 2,535,572 The Company’s asset retirement obligations result from net ownership interests in petroleum and natural gas development activity.

Related to Cheal Acquisition

  • Material Acquisition means any (a) acquisition of property or series of related acquisitions of property that constitutes assets comprising all or substantially all of an operating unit, division or line of business or (b) acquisition of or other investment in the Capital Stock of any Subsidiary or any person which becomes a Subsidiary or is merged or consolidated with the Borrower or any of its Subsidiaries, in each case, which involves the payment of consideration by the Borrower and its Subsidiaries in excess of $100,000,000 (or the equivalent in other currencies).

  • Exempt Acquisition means an acquisition by a Person of Voting Shares and/or Convertible Securities:

  • Permitted Acquisition means any acquisition by Borrower or any of its wholly owned Subsidiaries, whether by purchase, merger, amalgamation or otherwise, of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of, or a product or a product candidate of, any Person; provided that:

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such, or such earlier date as a majority of the Board of Directors shall become aware of the existence of an Acquiring Person.

  • Limited Condition Acquisition means any acquisition of an Acquired Entity or Business by the Borrower or any Restricted Subsidiary the consummation of which is not conditioned on the availability of financing.

  • Dividend Reinvestment Acquisition means an acquisition of Voting Shares pursuant to a Dividend Reinvestment Plan;