PRL 15 2C Resources definition

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.
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PRL 15 2C Resources means the aggregate of 2C Hydrocarbon Gas and 2C Condensate within the PRL 15 Fields as determined under Schedule 4 of the Total Sale Agreement;
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PRL 15 2C Resources has the meaning given in clause 1.1 of the Total Sale Agreement.
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Examples of PRL 15 2C Resources in a sentence

  • The CVR provides Shareholders and RSU Holders, through their entitlement to hold CVRs, with an uncapped potential additional payment, depending on the volume of the PRL 15 2C Resources.

  • This enabled bypassing certain regulatory requirements (such as limitations on private parties holding instream flow rights) and high transaction costs.

  • Upon completion of the Interim Resource Certification, the CRP Payout 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.

  • In accordance with the terms and conditions of the CRP Agreement, 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.

  • The CRP is subject to a post-closing adjustment that is linked to a certification of the volume of the PRL 15 2C Resources, in accordance with the terms and conditions of the CRP Agreement.

  • This amount will not be known until the Interim Resource Certification process is complete and the volume of the PRL 15 2C Resources is known.

  • Determination of PRL 15 2C Resources Within no more than ninety (90) days of receiving the letter of instruction (contained in Schedule 5 of the Total Sale Agreement), each Expert must provide a written report setting out its determination of the volumes of 2C Hydrocarbon Gas and 2C Condensate within the PRL 15 Fields as the PRL 15 Fields are expressly described in Annex 2 of the Total Sale Agreement (see also Schedule H of this Information Circular).

  • The Interim Resource Certification process involves multiple valuation experts estimating the PRL 15 2C Resources in the Antelope Field based, in large part, on data provided by the appraisal wells, including Antelope-7.

  • On November 30, 2016, GLJ provided its updated report (the “GLJ 2016 Report”), which indicated its estimate of the PRL 15 2C Resources was now 7.8 tcfe (down from its previous best estimate of 10.20 tcfe as of December 31, 2015).

  • If the volume of the PRL 15 2C Resources is less than or equal to 6.2 tcfe, the post-closing adjustment will result in no CRP Payouts.


More Definitions of PRL 15 2C Resources

PRL 15 2C Resources means the aggregate of 2C Hydrocarbon Gas and 2C Condensate within the PRL 15 Fields as determined under Schedule 4.
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Related to PRL 15 2C Resources

  • Public resources means water, fish, and wildlife and in addition means capital improvements of the state or its political subdivisions.

  • Water resources means all waters of the state occurring on the surface, in natural or artificial channels, lakes, reservoirs, or impoundments, and in subsurface aquifers, which are available, or which may be made available to agricultural, industrial, commercial, recreational, public, and domestic users;

  • Natural resources means land, fish, wildlife, biota, air, water, ground water, drinking water supplies, and other such resources belonging to, managed by, held in trust by, appertaining to, or otherwise controlled by the United States or the State.

  • Historic resource means a publicly or privately owned historic building, structure, site, object, feature, or open space located within an historic district designated by the national register of historic places, the state register of historic sites, or a local unit acting under the local historic districts act, 1970 PA 169, MCL 399.201 to 399.215, or that is individually listed on the state register of historic sites or national register of historic places, and includes all of the following:

  • economic resources means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but may be used to obtain funds, goods or services;

  • Renewable energy resources means resources as defined

  • renewable energy sources means renewable sources such as small hydro, wind, solar including its integration with combined cycle, biomass, bio fuel cogeneration, urban or municipal waste and other such sources as approved by the MNRE;

  • CAISO Global Resource ID means the number or name assigned by the CAISO to the CAISO-Approved Meter.

  • Hydroelectric energy means water used as the sole source of energy to produce electricity.

  • Energy Storage Resource means a resource capable of receiving electric energy from the grid and storing it for later injection to the grid that participates in the PJM Energy, Capacity and/or Ancillary Services markets as a Market Participant. Facilities Study:

  • freezing of economic resources means preventing the use of economic resources to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them;

  • Energy Star means the U.S. EPA’s energy efficiency product labeling program.

  • Renewable energy resource means a resource that naturally replenishes over a human, not a geological, time frame and that is ultimately derived from solar power, water power, or wind power. Renewable energy resource does not include petroleum, nuclear, natural gas, or coal. A renewable energy resource comes from the sun or from thermal inertia of the earth and minimizes the output of toxic material in the conversion of the energy and includes, but is not limited to, all of the following:

  • Stormwater management plan means the set of drawings and other documents that comprise all the information and specifications for the programs, drainage systems, structures, BMPs, concepts and techniques intended to maintain or restore quality and quantity of stormwater runoff to pre-development levels.

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • Natural Resource or “Natural Resources” shall mean land, fish, wildlife, biota, air, water, ground water, drinking water supplies, and other such resources, belonging to, managed by, held in trust by, appertaining to, or otherwise controlled by the United States or the State.

  • Cultural resources means archaeological and historic sites and artifacts, and traditional religious, ceremonial and social uses and activities of affected Indian tribes.

  • Renewable Energy Standard means the minimum renewable energy capacity portfolio, if applicable, and the renewable energy credit portfolio required to be achieved under section 28 or former section 27.

  • Material support and resources means currency or monetary instruments or financial securities, financial services, lodging, training, expert advice or assistance, safehouses, false documentation or identification, communications equipment, facilities, weapons, lethal substances, explosives, personnel, transportation, and other physical assets, except medicine or religious materials.”

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

  • energy storage means, in the electricity system, deferring the final use of electricity to a moment later than when it was generated, or the conversion of electrical energy into a form of energy which can be stored, the storing of such energy, and the subsequent reconversion of such energy into electrical energy or use as another energy carrier;

  • Renewable Resources means one of the following sources of energy: solar, wind, tidal, geothermal, biomass, hydroelectric facilities or digester gas.

  • Renewable energy means the grid quality electricity generated from renewable energy sources;

  • COVID-19 means SARS-CoV-2 or COVID-19, and any evolutions thereof or related or associated epidemics, pandemic or disease outbreaks.

  • Nutrient management plan means a plan developed or approved by the Department of Conservation and Recreation that requires proper storage, treatment and management of poultry waste, including dry litter, and limits accumulation of excess nutrients in soils and leaching or discharge of nutrients into state waters.

  • Storm water management plan means a comprehensive plan designed to reduce the discharge of pollutants from storm water after the site has under gone final stabilization following completion of the construction activity.