Acreage Forfeiture Provisions. Although a Non-Participating Party in an Execution AFE for a subsequent Development Phase will retain its Working Interest in the Contract Area, that Party will only be entitled to Hydrocarbon production from the subsequent Development Phase, in which it did not participate, after it has satisfied the non-consent provisions in Article 16.5.5 (
Appears in 5 contracts
Samples: Model Agreement, Model Form Disclaimer, Model Agreement
