PNGDV definition

PNGDV means PNG Drilling Ventures Limited, an entity with which we entered into an indirect participation agreement in May 2003, as amended.
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PNGDV means PNG Drilling Ventures Limited, an entity with which we entered into an amended and restated indirect participation agreement on May 1, 2006.
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PNGDV means PNG Drilling Ventures Limited.
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Examples of PNGDV in a sentence

  • PNGDV has a 6.75% interest in the four exploration wells starting with Elk-1 (with an additional two exploration wells to be drilled after Elk-4/A).

  • Maintain a documented change control process including back-out procedures for all production environments.

  • PNGDV has an interest in the drilling program that will range from 6.75% to 11.25% depending upon various elections.

  • The total invested by PNGDV in the indirect participation interest is $12,185,000.

  • In 2004, a total of $1,576,170 of the PNGDV interest was converted to 89,545 common shares of InterOil Corporation in accordance with the indirect participation interest agreement.

  • In March 2004, the Company received an additional $3,235,000 from PNG Drilling Ventures Limited ("PNGDV") relating to PNGDV's indirect interest in the Company's phase 1 exploration program.

  • Indirect participation interest — PNGDV As at December 31, 2005, the balance of the PNG Drilling Ventures Limited (“PNGDV”) indirect participation interest in the Company’s phase one exploration program within the area governed by Petroleum Prospecting Licenses “PPL” 236, 237 and 238 is $9,685,830.

  • The total invested by PNGDV in the indirect participation interest was $12,185,000.

  • Indirect participation interest — PNGDV As at March 31, 2006, the balance of the PNG Drilling Ventures Limited (“PNGDV”) indirect participation interest in the Company’s phase one exploration program within the area governed by Petroleum Prospecting Licenses “PPL” 236, 237 and 238 is $9,685,830 (Dec 2005 — $9,685,830, Mar 2005 -$10,608,830).

  • Under the amendment, PNGDV converted its investment in the Indirect Participation Interest of $9,685,830 into 575,575 common shares.


More Definitions of PNGDV

PNGDV means PNG Drilling Ventures Limited, an entity with which we entered into an indirect participation agreement in May 2003. (See “Description of our Business – Upstream - Exploration and Production – Participation Agreements”, “Material Contracts – Drilling Participation Agreement dated July 21, 2003”).
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Related to PNGDV

  • MLP has the meaning given such term in the introduction to this Agreement.

  • GP means Gottbetter & Partners, LLP.

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • MB means megabyte, which is equal to 1024 kilobytes or 1,048,576 bytes of digital information.

  • Platinum means elemental platinum having an atomic weight of 195.09 and the chemical element symbol of Pt, whether found by itself or in combination with its alloys or any other metal.

  • MCC means Motor Control Centre;

  • ETP means Energy Transfer Partners, L.P., a Delaware limited partnership.

  • HK Company shall have the meaning ascribed to it in the preamble of this Agreement.

  • Holdco has the meaning set forth in the Preamble.

  • JV means Joint Ventures

  • BTCo means Bankers Trust Company, in its individual capacity, and any successor corporation thereto by merger, consolidation or otherwise.

  • CIM means the Canadian Institute of Mining, Metallurgy and Petroleum.

  • HK$ Hong Kong dollars, the lawful currency of Hong Kong;

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • Xxxxxxx Group means (a) any member of the Xxxxxxx Family and (b) any Related Person of any such member.

  • NGL means natural gas liquids.

  • Contributors means any organization(s), entity(ies) and/or individual(s) providing technology and/or patent rights related to the ATCC Material, or original material to ATCC for deposit.

  • lone parent means a person who has no partner and who is responsible for and a member of the same household as a child or young person;

  • IMC means the symbol used to designate instrument meteorological conditions;

  • Subco means 0731297 B.C. Ltd., a corporation existing under the laws of the Province of British Columbia and a wholly owned subsidiary of Kinder;

  • Crown means the government of the United Kingdom (including the Northern Ireland Assembly and Executive Committee, the Scottish Executive and the National Assembly for Wales), including, but not limited to, government ministers and government departments and particular bodies, persons, commissions or agencies from time to time carrying out functions on its behalf;

  • Natural parent means a minor's biological or adoptive parent, and includes the minor's noncustodial parent.

  • SLDC means the State Load Dispatch Center as notified by the State Government.

  • EPFO means Employees' Provident Fund Organization

  • Buyer Group Member means the Buyer, its Affiliates, and each of their successors and assigns, and their respective directors, officers, employees and agents.

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.