Exploration Period definition

Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

Exploration Period means any and all periods of exploration set out in the Contract.

Exploration Period means the period defined in Article 6.

Examples of Exploration Period in a sentence

• The Exploration Period shall comprise and be divided into 3 or 4 Subperiods, that is Subperiod 1, Subperiod 2, Subperiod 3 and Subperiod 4 (if any).

• Such Exploration Operations shall be diligently and continuously carried out in accordance with sound and current international Petroleum industry practices for the duration of the Exploration Period.

• Pursuant to Article 4.6 of this Contract, a bank guarantee of proper discharge of the minimum work obligations, for work committed to for each phase of the Exploration Period of the contract, must be remitted to the State.

• Such guarantee shall remain in effect until sixty (60) Days following the end of the Exploration Period prior verification of full compliance with the obligations related to this period.

• Phase of Operation Surface Rental per Annum Initial Exploration Period US $ 30 per sq.

More Definitions of Exploration Period

Exploration Period means the period beginning the Operative Date and ending the date a Production Notice is given and Construction Costs are fully committed.

Exploration Period means the Initial Exploration Period and the Additional Exploration Period (as extended), as the case may be, during which Exploration Operations are undertaken by the Contractor; "Exploration Operations" include geological, geophysical and Geochemical surveys and analyses, aerial mapping, investigations of subsurface geology, stratigraphic tests, drilling Exploratory Xxxxx and work necessarily connected therewith;

Exploration Period means the period granted to the Contractor to conduct Surface Reconnaissance and Exploration, Exploration and Appraisal activities, which consists of the Initial Exploration Period, the First Additional Exploration Period (if any), the Second Additional Exploration Period (if any) and the Appraisal Period (if any).

Exploration Period means the Initial Exploration Period, the First Renewal Exploration Period or the Second Renewal Exploration Period;

Exploration Period has the meaning ascribed to in Clause 4.1;

Exploration Period means the period commencing on the Effective Date and continuing during the time provided within which Licensee is authorized to carry out Exploration Operations and shall include any periods of extensions provided for in this Licence. The period shall terminate with respect to any Discovery Area on the Date of Commercial Discovery in respect of such Discovery Area;

Exploration Period means the Initial Period, or any of the Extension Periods referenced in Article 4.2.