PNGEI definition

PNGEI means PNG Energy Investors LLC, a former indirect participating investor.
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PNGEI means PNG Energy Investors LLC, an entity with which we entered into an IPI Agreement on May 12, 2004.Annual Information Form INTEROIL CORPORATION 7
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Examples of PNGEI in a sentence

  • In order to participate, PNGEI would be required to contribute for each exploration well, a) $112,500 per percentage point or b) where the well is planned to be drilled beyond 2,000 meters, $112,500 per percentage point plus actual cost over $1,000,000 charged pro-rata per percentage point.

  • In order to participate, PNGEI would be required to contribute a proportionate amount of drilling costs related to these wells.

  • In order to participate, PNGEI would be required to contribute for each exploration well, a) $112,500 per percentage point or b) where the well is planned to be drilled beyond 2,000 meters, $112,500 per percentage point plus actual cost over $1,000,000 charged prorata per percentage point.

  • PNGEI has the right to participate up to a 4.25% interest in 16 wells commencing from exploration wells numbered 9 to 24.

  • InterOil will be the Operator of the Program and is not legally obligated to drilling all 8 wxxxx, regardless of any option that is granted to PNGEI.

  • As of the day of 20 (the “Acceptance of Offer to Participate Notice Date”), PNGEI, in accordance with the Amended IP I Agreement, hereby gives notice to InterOil that PNGEI will purchase an IPI of and will properly make payment for [%] percent (the “IPI Percentage”), which shall not exceed 4.25%, in the Participation Area to be defined by the Election Well described in the Drilling Program for the Election Well.

  • InterOil will be the Operator of the Program and is not legally obligated to drilling all 16 wxxxx, regardless of any option that is granted to PNGEI.

  • PNGEI agrees to incorporate this Acceptance of Offer to Participate Notice and the Drilling Program (which was previously forwarded to PNGEI by InterOil) into the Election Well IPI Agreement.

  • On October 24, 2013, the Company entered into an Exchange Agreement with PNGEI to buy back their 4.25% indirect participation interest percentage under the Amended IPI Agreement dated May 12, 2004, including their interest and rights to future distributions in exchange for 100,000 common shares of the Company, valued at $6,837,000.

  • Issuance of such stock to and its subsequent sale by PNGEI will be governed by the rules and requirements of the stock exchanges having jurisdiction over InterOil.

Related to PNGEI

  • PubCo has the meaning set forth in the Preamble.

  • 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.

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

  • Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

  • Constellation has the meaning assigned to that term in the Recitals.

  • HCP means a Habitat Conservation Plan prepared pursuant to § 10(a)(2)(A) of the ESA (16 U.S.C. § 1539(a)(2)(A)).

  • ESMP means an environmental and social management plan (including any pest management plan), acceptable to the Association and consistent with the ESMF, adopted for the purposes of a Micro-project, and giving details of the magnitude of the environmental impacts, as well as the specific actions, measures and policies designed to facilitate the achievement of the objective of the ESMF under the Micro-project, including the budget and cost estimates, and sources of funding, along with the institutional and procedural measures needed to implement such actions, measures and policies, as such ESMP may be amended form time to time with the prior written agreement of the Association.

  • Holdco has the meaning set forth in the Preamble.

  • SAP Parent means SAP SE, a European Company (Societas Europaea, SE) established under the laws of Germany and the European Union, registered with the commercial register of the local court of Mannheim, Germany, under HRB 719915, with registered office in Walldorf, Germany, and business address at Dietmar-Hopp-Allee 16, 69190 Walldorf, Germany.

  • SBI means State Bank of India (Client) having its Corporate Centre at Madame Cama Road, Nariman Point, Mumbai- 400 021 and its representative Local Head Offices/Administrative Offices/Regional Business Offices/Branches at various places across India and includes the client’s representatives, successors and assigns.

  • Blocker has the meaning set forth in the preamble.

  • Summit means the Summit of the Heads of State or Government of SADC established by Article 9 of this Treaty;

  • GP means Gottbetter & Partners, LLP.

  • Blackwater means wastewater contaminated by human body waste, toilet paper and any other material intended to be deposited in a receptor designed to receive urine or feces.

  • BlackRock means persons controlling, controlled by or under common control with BlackRock, Inc. that act as investment adviser and subadviser to the Funds.

  • Acquisition Sub shall have the meaning set forth in the Preamble.

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

  • LPN means licensed practical nurse.

  • Management Shareholders means Xxxxxx X. Xxxx, Xxxx X. Xxxxxxx, and Xxxxxx X. Xxxxxxxxx.

  • EMM means eMaryland Marketplace.

  • EXCO means EXCO Resources, Inc., a Texas corporation.

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

  • Oaktree means Oaktree Capital Management, LLC and its Affiliates, including any partnerships, separate accounts or other entities managed by Oaktree.