Definition of PRL 15 2C Resources


PRL 15 2C Resources means "PRL 15 2C Resources" as defined in the Total Sale Agreement and as determined pursuant to the Interim Resource Certification set out in the Total Sale Agreement.

Examples of PRL 15 2C Resources in a sentence

The independent resource evaluator estimates for the volume of PRL 15 2C Resources which BMO reviewed are summarized in the table below.
Upon completion of the Interim Resource Certification, the CRP will be adjusted based on the amount by which the volume of the PRL 15 2C Resources exceeds 6.2 tcfe, up to a maximum of 10.0 tcfe of certified resources.
The CRP will be subject to a post-closing adjustment that is linked to a certification of the volume of the PRL 15 2C Resources.
BMO did not rely upon the estimates of independent resource evaluators for the volume of PRL 15 2C Resources which did not incorporate information derived from such drilling and testing of Antelope 6.
The first scenario (the "7.1 Tcfe Case") assumes that PRL 15 2C Resources will be determined to be 7.1 tcfe pursuant to the Interim Resource Certification.