Drilling Program. It is the intent and agreement of ESI and Investors to initially drill a minimum of four (4) xxxxx as the first part of the drilling program. As set forth herein, Investors shall have the option to finance and invest in an additional twenty (20) gas xxxxx over an eighteen (18) month period from the date first above written. Each well drilled shall have 20 days to finance the said xxxxx by the investors. ESI and Investors shall each have the specific duties, obligations and responsibilities as described and set forth in this Agreement, and specifically Section 2, below.
Drilling Program. 3.1 Eni represents, without warranty of title, except by, through and under Eni, that it is the owner of one hundred percent (100%) record title interest in the Leases, and that the Subject Interests (as defined in 1.14) to be earned by Woodside and Ridgewood pursuant to this Agreement shall be free and clear of all liens, claims and encumbrances. The Leases, as to all depths, described on Exhibit "A" comprise all of and are subject to the East Breaks 112 Unit (Unit No. 754391005).
Drilling Program. A. The Drilling Program shall be conducted as Xxxxxxx in its capacity as Operator and shall consist of the drilling, logging, testing and the completing and equipping for production (or if applicable, the plugging and abandonment) of ten (10) xxxxx upon the subject prospects (the “Program Xxxxx”), with such xxxxx being located at sites selected by Xxxxxxx and being drilled to a subsurface depth equal to such depth as is necessary to penetrate prospectively productive sands of the Frio Formation (“Contract Depth”). The total operational and overhead costs for one hundred percent (100%) interest in the 10-Well Drilling Program is U.S. $3,500,000.00 or less. Xxxxxxx shall use all reasonable efforts to cause the initial Drilling Program Well to be spudded on or before April 1, 2006, and to thereafter conduct the Drilling Program on a sequential basis in such a manner so that the Drilling Program shall be completed within nine (9) months of the date on which the initial Program Well was spudded. The parties acknowledge delays in drilling may be occasioned by lack of rig availability, weather conditions and, where applicable, flood waters of the Mississippi River. When any such condition exists, the completion date of the Drilling Program may be extended by such period of time as equals the period access to a location or locations was impractical or unduly burdensome. Xxxxxxx shall cause each horizon encountered by each Program Well that is potentially capable of producing hydrocarbons in commercial quantities to undergo the following logging and testing program:
Drilling Program. Before any drilling begins on any well, OPERATOR shall deliver the drilling program to CONTRACTOR which Contractor shall give notice to Operator of its' receipt. Contractor shall also certify in writing to Operator that "rigging-up" is satisfactorily completed. CONTRACTOR shall use reasonable diligence to conduct all drilling operations in conformance with OPERATOR's drilling program. OPERATOR may modify the drilling program so long as any modifications which materially increases CONTRACTOR's hazards or costs of performance bears CONTRACTOR's approval and provides for an appropriate rate increase as mutually agreed by the parties. Except as otherwise provided herein, CONTRACTOR SHALL NOT BEGIN TO DISMANTLE ITS RIG AND EQUIPMENT FOR DEMOBILIZATION UNTIL AUTHORIZED TO DO SO BY OPERATOR IN WRITING.
Drilling Program. Lessee shall undertake the following Drilling Program in accordance with Article 7.00 of the General Terms: *
Drilling Program. 7.01 Lessee shall, at its sole risk and expense, spud the Test Well at a location of its choice on the Lease Lands and shall thereafter diligently and continuously drill the Test Well to Contract Depth and complete, cap, plug or abandon same. If no Deadline is specified in the Term Sheet, then, subject to clause 7.03, Lessee shall drill the Test Well to Contract Depth and complete, cap, plug or abandon same on or before the End Date.
Drilling Program. See applicants drilling program submitted separately in file “ xx.pdf ” “ Kuyu Sondaj Koordinatları.xlsx ” “ Kuyu Sondaj Noktaları.kml ” Stored in subdirectory “REF2-Sondaj Programı”,
Drilling Program. Notwithstanding anything to the contrary contained in this Section, First Nickel shall be able to contract with such drilling contractors as it deems necessary or desirable for the purpose of carrying out the Drilling Program.
Drilling Program. 6.1 The Program Acreage identified and reserved by Dolphin shall consist of a minimum of thirty-two (32) drill site spacing units with the expectation of being able to drill two (2) Wells per spacing unix xxx a total of sixty-four (64)
Drilling Program. During the Phase 1 Period, Focus shall cause the JVC to complete a drilling program of ten thousand (10,000) meters or such other number of meters as may be mutually agreed by the Parties. Without limiting the foregoing, Focus shall exercise its commercially reasonable efforts to cause the JVC to complete such drilling program during the Phase 1 Period by the date falling thirty (30) days prior to the expiration date of the Phase 1 Period.
