Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.
Exploration Operations means any operations carried out for or in connection with the exploration for minerals, and includes -
drilling means the act of boring a hole to reach a proposed bottom hole location through which oil or gas may be produced if encountered in paying quantities, and includes redrilling, sidetracking, deepening, or other means necessary to reach the proposed bottom hole location, testing, logging, plugging, and other operations necessary and incidental to the actual boring of the hole;
CBM means Capacity Benefit Margin.
Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.