POGC definition

POGC or "FXEN", as applicable, shall be deemed to refer to and include such subsidiaries or affiliates.
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POGC shall be deemed to mean the entities defined above and/or other entities used or created to serve in their stead to implement the purposes of this Agreement.
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POGC means Polish Oil and Gas Company (i.e. Polskie Górnictwo Naftowe i Gazownictwo S.
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Examples of POGC in a sentence

  • The party electing to exercise its option shall not have the right to take an interest greater than forty nine percent (49%) in the aggregate without the consent of POGC.

  • Subject to POGC approval, APACHE shall have the right to serve as operator in the applicable POGC Concession pursuant to the Operating Documents.

  • Similarly, the names used herein, "APACHE", "FXEN" and "POGC", shall be deemed to mean the entities defined above and/or other entities used or created to serve in their stead to implement the purposes of this Agreement.

  • If either APACHE or FXEN does not exercise its option and participate in any particular First Well, it shall have no further interest in the POGC Concession in which such First Well was drilled.

  • APACHE and FXEN are encouraged to present any detailed proposal for consideration by POGC, including in such proposal the specific investigations or operations proposed to be carried out at the sole risk of APACHE and FXEN and the specific operations which will be earning events under Articles 4 and 5.

  • POGC, directly or through wholly-owned subsidiaries, is the holder of Hydrocarbon Rights in those lands covered by the POGC Concessions.

  • Through the support and cooperation of POGC, FXEN and APACHE (through Polish subsidiaries) have acquired certain rights to explore for and exploit natural gas and oil in the Western Carpathian region of the Republic of Poland, under the FX/APA Usufruct and the New Usufruct (as defined in this Agreement).

  • FXEN and APACHE, through wholly-owned subsidiaries, have applied to the State Treasury of the Republic of Poland for the New Usufruct with the consent and support of POGC.

  • After acquiring acreage within the Halo, the acquiring party shall within 20 days after execution of a Usufruct or other agreement for a given parcel of acreage offer the same to non-acquiring party for the latter's participation on a "ground floor" 50%/50% basis, subject to proportional reduction if and to the extent of any POGC participation.

  • If POGC wishes to take an interest in such Block it may do so by exercising its option as provided below and by participating in such First Well.

Related to POGC

  • Pioneer or the "Company" means Pioneer Natural Resources Company and its subsidiaries.

  • Basin means a groundwater basin or subbasin identified and defined in Bulletin 118 or as modified pursuant to Chapter 3 (commencing with Section 10722).

  • Silver means elemental silver having an atomic weight of 107.869 and the chemical element symbol of Ag, whether found by itself or in combination with its alloys or any other metal.

  • Embalmer means any person engaged in the practice of embalming.

  • Rock means the body of consolidated or partially consolidated material composed of minerals at or below the land surface. Rock includes bedrock and partially weathered rock that is hard and cannot be dug with hand tools. The upper boundary of rock is "saprolite," "soil," or the land surface.