Exploration Concession definition

Exploration Concession means the Concession granted under the Geological and Mining Law for the Prospecting for and Exploration of Natural Gas and Oil of the type referred to in Article 15.2 of the Geological and Mining Law.
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Exploration Concession means jointly a licence covering the exploration and appraisal of hydrocarbons, together with any supplementing decision of the concession authority, and the mining usufruct, both authorising the use of the Gas produced from the Grabówka Field on a trial basis, granted to the Seller, including any extension or replacement thereof;
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Examples of Exploration Concession in a sentence

  • The Exploration Concession is in process of being transferred to Golden Phoenix Panama, S.A. The Exploration Concession grants Silver Global (or Golden Phoenix Panama, S.A. once transferred) the exclusive right to request a mining extraction concession as soon as the holder provides sufficient evidence to the mining authorities that commercially mineable resources are available in the assigned area for exploration.

  • If the Prospecting and Exploration Concession referred to in Article 2.2 is not granted within four (4) months after the Partnership submits the concession application, then the Partnership shall have the right to immediately terminate this Agreement by written notice within sixty (60) days' following the expiration of the four-month period.

  • Date of the Prospecting and Exploration Concession, the Partnership will have access to and the right to copy, free of cost other than reasonable costs of reproduction and handling, all geological, geophysical, geochemical, drilling, engineering, well log, and other information and data relating to Gold owned or possessed by the Treasury or the Minister in relation to the Block or to the work program referred to in Article IV.

  • The 10,903 ▇▇ ▇▇▇▇▇ Norte Exploration Concession was granted to Unigold on March 27, 2023.