Examples of Initial Exploration Period in a sentence
As of and from the Effective Date, the Contractor is authorized to conduct Exploration Operations in the Contract Area during the Initial Exploration Period.
Phase of Operation Surface Rental per Annum Initial Exploration Period US $ 30 per sq.
The Contractor shall be required to complete at least the Minimum Work Program during the Initial Exploration Period.
In the event that during the Initial Exploration Period, the Contractor carries out additional Work Units to those committed in accordance with Article 4.2, the Contractor may request the recognition of such Work Units for the First Additional Exploration Period.
Subject to this Article 4.3, the Contractor may request, by written notice to the CNH with at least sixty (60) Days prior to the termination of the Initial Exploration Period, an extension of the Exploration Period for three (3) additional Years (the “First Additional Exploration Period”).