LLOG definition
Examples of LLOG in a sentence
All notices, requests or demands to be given under this Agreement shall be in writing and directed to the persons at the following address/contact information: LLOG Exploration Offshore, Inc.
NOTE: The maximum primary term for any lease of this tract is three (3) years and further, the aggregate total royalty in leases from the State of Louisiana, LLOG Exploration Company, L.L.C. and Avrico, Inc.
The Assignment shall be without warranty of title, either express or implied, except by, through and under LLOG, but not otherwise.
LLOG and Ridgewood agree to execute any necessary documents and take all other actions reasonably necessary, if any, to assist in the MMS approval process.
Stone desires to participate for an undivided 10% interest in the Lease and the [REDACTED] Lease, as well as the IEW (as hereinafter defined), and for which MEI and LLOG have agreed that the interest to be acquired by Stone in [REDACTED] shall be made up of a 5.0% interest from MEI and a 5.0% interest from LLOG.
Notwithstanding the foregoing, this Agreement shall not supersede any existing agreement between MEI and LLOG.
LLOG commits to Ridgewood to spud the first Prospect on or before February 1, 2007.
LLOG and Apache plan to drill the OCS-G Redacted (“Initial Test Well” or “ITW”) to a depth of 10,500 feet TVD to test the Redacted formations (“Objective Depth”).
During the drilling of the ITW, LLOG shall deliver to Ridgewood the information shown on the attached Exhibit “E”.
Within five (5) business days of Stone’s execution of this Participation Agreement, Stone agrees to pay MEI $352,736.00 and LLOG $352,736.00, which represents ten percent (10%) of the Lease bonus, rental and geological and geophysical costs incurred by MEI and LLOG prior to the Effective Date.