ORX definition
Examples of ORX in a sentence
PetroReal desires to participate with ORX in the exploration and development of the Prospect, pursuant to and in accordance with the terms and conditions of this Agreement.
Contemporaneous with the Parties' execution of this Agreement, PetroReal shall pay to ORX a one-time fee (the "Clovelly Participation Fee") for the right and obligation to participate in the first test well drilled (the "Initial Test Well") on the Prospect in the amount of $186,506.01 Dollars.
ORX and PetroReal agree to resolve any dispute, controversy or claim arising out of or in relation to or in connection with this Agreement, including without limitation any dispute as to the validity, interpretation, enforceability or breach of this Agreement, by binding arbitration and the parties waive all rights to have any such disputes heard before a court of law, except the right to enforce an arbitration award under the provisions of this paragraph.
ORX has entered into a Clovelly Purchase Agreement, dated January 16, 2003, with Coastline Oil & Gas, Inc.
Any notices, communications, or documents that may be required to be delivered pursuant to this Agreement shall be in writing and delivered in person or sent via telecopy, express courier delivery or certified mail, postage prepaid, return receipt requested, addressed to the parties at the following respective addresses stated for each: ORX Resources, Inc.
Proceeds of the Term Loan shall be used by the Borrower to acquire a twenty-five percent (25%) interest from ORX Resources, Inc.
The Initial Test Well for the Prospect shall be drilled at the approximate surface location and to the approximate bottom hole location and depth shown on Exhibit "C" attached hereto to test the formation(s) more particularly described therein, Final well locations (surface and bottom hole), together with the proposed total depth of the well and the formations to be tested shall be mutually agreed upon by ORX and PetroReal prior to spudding the Initial Test Well for the Prospect.
Well for the Prospect shall be drilled at the approximate surface location and to the approximate bottom hole location and depth shown on Exhibit "C" attached hereto to test the formation(s) more particularly described therein, Final well locations (surface and bottom hole), together with the proposed total depth of the well and the formations to be tested shall be mutually agreed upon by ORX and PetroReal prior to spudding the Initial Test Well for the Prospect.
Polaris has agreed to deposit the Loan-funds directly with ORX as a payment towards the cash call on behalf of Texhoma.
If the contents are incomplete, or if the instrument does not pass the specification acceptance tests, notify the local OR-X service center.