NANG definition

NANG means Natural Gas which is produced either without association of Crude Oil or in association with such quantities of Crude Oil which by itself cannot be commercially produced.
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Examples of NANG in a sentence

  • The remaining provisions of Article 10 would apply to the Discovery and development of NANG only insofar as they are not inconsistent with the provisions of this Article.

  • Such proposal shall take into account the Government’s policies on Gas utilization and propose alternative options, if any for use or consumption of the NANG and be accompanied by a report on the Discovery supported by, inter alia, technical and economic data, evaluations, interpretations and analyses of such data and feasibility studies relating to the Discovery prepared by or on behalf of the Contractor, and other relevant information.

  • The Award at a succeeding iteration cannot be more than award in preceding iterations.

  • The remaining provisions of Article 28 would apply to the Discovery and development of NANG only insofar as they are not inconsistent with the provisions of this Article, the Contractor shall be entitled to retain the Discovery Area subject to the provisions of this Article 31.

  • In case of "ANG" or "NANG", as the case may be, the Government shall have the option to take its entitlement to Profit Petroleum in cash or in kind and such option shall be exercised at interval of every five (5) Years from the commencement of first Commercial Production from the Contract Area.

  • GENERAL PARTNER: NANG, Incorporated By: "HARRY BRISCOE" ------------------------------- Harry Briscoe, President ▇▇▇▇▇▇▇ ▇▇▇▇NERS: Limited Partner A FAR GROUP, INC.

  • Such notification shall take into account the Government's policies on gas utilisation and propose alternative options (if any) for use or consumption of the NANG and be supported by, inter alia technical and economic data, evaluations, interpretations and analyses of such data, and feasibility studies relating to the Discovery prepared by or on behalf of the Contractor and other relevant information.

  • The corporate records and minute books of each of NANG and the Purchaser contain complete and accurate minutes of all meetings of and corporate actions or written resolutions of the directors, committees of directors and shareholders of NANG or the Purchaser, as the case may be, including all by-laws and resolutions passed by the directors, committees of directors and shareholders of NANG and the Purchaser, as the case may be, since formation.

  • The NANG Financial Statements have been prepared in accordance with GAAP and present fairly the assets, liabilities (whether accrued, absolute, contingent or otherwise) and financial condition of NANG as at the applicable date provided thereon.

  • The inventories reflected in the NANG Financial Statements conform in all material respects to applicable designs and specifications, are free from material defects in workmanship and material, have been accurately valued in accordance with GAAP, and the valuation thereof accurately reflects inventory that is damaged, obsolete, defective, unsuitable for its intended use or otherwise unsaleable in the ordinary course of business at normal prices.