Examples of exploration licence in a sentence
Commencing on the day on which the Exploration Licence is renewed pursuant to Article 3 hereof and terminating on the second anniversary of such date.
Exploration Licence: Is a tenement used to secure ground for exploring.
Thereafter, the Contractor shall submit the Work Programme for each Contract Year within sixty (60) days of the anniversary of the Effective Date of the Exploration Licence pursuant to Section 21(2) of the Act.
If no request for renewal is made as provided above, this Contract shall terminate at the end of the then current Exploration Phase and the Exploration Licence shall be automatically cancelled.
Subject to the provisions of the Petroleum Act, the Exploration Licence granted to the Company shall be for an initial period of ......................