Additional Drilling Sample Clauses
Additional Drilling. Issuer shall not undertake any drilling activities other than those required under the Senior Loan Documents without the prior written consent of the Required Note Holders.
Additional Drilling. The Parties may drill additional w▇▇▇▇ pursuant to Section 6.1 hereof.
Additional Drilling. Following conclusion of the Testing Phase and completion, deepening or abandonment of the Initial Well, API shall, at no expense to AOC and at locations on the Lands or Licenses as determined by API, conduct such additional drilling as to comprise at least two further ▇▇▇▇▇ or 5,500 meters of drilling, whichever is greater and API shall be operator for all subsequent drilling operations. AOC’s working interest in the Initial Well is 27.25% after payout, but on future ▇▇▇▇▇, whether on License 5494040101 or other ▇▇▇▇▇ in the AMI, is at 18.75%, subject to a 9.5%▇▇▇▇ plus government royalty. Following the additional drilling, AOC shall pay its share of costs for all operations under this Agreement in accordance with provisions of the CAPL Agreement. 12
Additional Drilling. Farmee may elect, at its discretion, to conduct additional oil and gas drilling operations on the Lease Lands as provided under the Leases. If at any time Farmee decides not to move forward with additional oil and gas drilling operations under the Leases or misses a deadline for such oil and gas drilling operations under the Leases, Farmee shall retain its working interest under the ▇▇▇▇▇ drilled and spacing units earned under the Leases, as provided herein.
Additional Drilling a) The anticipated drilling schedule for the total Escopeta/Centurion program will be as follows:
1) East Kitchen Spring/Summer of 2006 2) North Alexander Winter of 2006-2▇▇▇ 3) Kitchen March 2007 ▇) ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇
b) The North Alexander Prospect will be permitted in the Spring of 2006, to a depth of +/- 10,000 feet to test the Sterling, Beluga, Tyonek and Bell Island Formations. The No▇▇▇ Alexander Prospect will be drilled in December and January of 2006-2007. An estimated A.F.E. cost of $5,500,000.00 is attributed to the #1 North Alexander Prospect. If the costs for drilling and testing the #1 North Alexander well are more than the attached A.F.E., Centurion agrees to pay all costs associated with the #1 North Alexander well.