Examples of Prospect Fee in a sentence
Upon Participant paying the Prospect Fee, together with its share of the costs for the drilling, completion and equipping, or the plugging and abandonment of an Obligation Well, Participant shall be assigned an undivided interest in and to the Leases equal to Participant's Interest of PetroShare's interest in the Existing Leases as to the unit for such Obligation Well, and as to all depths from the surface to the deepest depth drilled in the Obligation Well.
Upon Participant paying the Prospect Fee and its share of the costs for the drilling, completion and equipping, or the plugging and abandonment of the Obligation Xxxxx, Participant shall also be assigned an undivided interest in the Existing Leases that are not included in the units for the Obligation Xxxxx.
Participant shall pay an aggregate prospect fee to PetroShare upon the execution of this Agreement equal to the sum of Seventy Five Thousand Dollars ($75,000) ("Prospect Fee").
Upon Participant paying the Prospect Fee, together with its share of the costs for the drilling, completion and equipping, or the plugging and abandonment of an Obligation Well, Participant shall be assigned an undivided interest in and to the Existing Leases equal to Participant’s Interest of PetroShare’s interest in the Existing Leases as to the unit for such Obligation Well, and as to all depths.
From the first payout calculation through the time the well paid out in March, 2014, Sutherland improperly claimed the $50,000 Prospect Fee as both a “land” cost and as “Prospect Fee.” Including the $50,000 twice allowed Sutherland to double it twice in the “2x Cumulative Expenditures” column.
One of the conditions in this con- tract stipulated the period of the loans during which the student was to be exempt from the payment of interest.The certificate of loan, issued by the Department and signed by the student as well as the financial in- stitution, is in the form of a contract and the clauses setting out the conditions of the loan contain numerous references to “this contract”.
Xxxxxxx - President 0000 XxXxxxxxxx Xx., # 215 Falcon, CO 80831 (719) 520-3208 / (000) 000-0000 Farmee: WI BPO WI APO % of Cost Prospect Fee PetroSouth Energy Corp.
Within seven (7) days of execution of this Participation Agreement Ridgewood will pay to Devon a Prospect Fee of $750,000, proportionately reduced to Ridgewood's earned interest.
Upon payment of the Prospect Fee, the Investors shall surrender the Note to Laredo.
At such time as the value of 100% of the gross income received by the Participants from the sale of production from the Dolphin Prospect (less existing burdens, including the ORRI described in Paragraph 4 above, and production and severance taxes allocable thereto) equals 100% of (i) all lease acquisition, lease maintenance costs, and the Prospect Fee described in Paragraph 2 above.