PRL 15 2C Resource definition
PRL 15 2C Resource for the purpose of calculating the Interim Resource Payment shall be the sum of (i), (ii), (iii) and (iv) above, divided by two.
Examples of PRL 15 2C Resource in a sentence
The volume of PRL 15 2C Resource shall be determined by two Experts in accordance with the provisions of this Schedule 4 – Part 6 and the relevant instruction in Schedule 5 (and in the case of the Discovery Bonus Certification the instructions in Schedule 5 - Part 2 will be modified such that the reference to PRL 15 Fields is changed to the Hydrocarbon accumulation outside the PRL 15 Fields but within the PRL 15 Area identified by the Carried Exploration Well).