Agreement to Drill Sample Clauses

Agreement to Drill. 5.1.1 Operator agrees to drill or cause to be drilled, a well for oil and gas on the Elohim Perazim and any other wells to be drilled on the Ness 1 Carve Xxx xr the Masada Licenses. Sites, All wells to be drilled under this Agreement xxxxl be drilled to a depth sufficient to test the targeted formation targeted by Hesed as evidenced by la logging survey, and the well bore shall be of sufficient size that they may be completed using sufficient production casing; provided, however, that the parties hereto may decide to complete or abandon the well at lesser depth. 5.1.2 Operator shall undertake and have full and direct control of all drilling and production activities, subject to the limitations contained herein. Operator shall conduct all operations with due diligence and in accordance with good oil field practices and shall comply with all applicable state conservation laws, with the valid rules, regulations and orders of any duly constituted regulatory body of Israel. local laws, 5.1.3 During the course of drilling operations on each well conducted pursuant to this Agreement, Operator agrees to furnish Hesed, upon request, daily drilling reports specifying depth, drilling penetration rate, formation and all shows of oil or gas; to permit access to derrick floor and rig area and to all pexxxxxxx information concerning such operations. The log analysis will be reported in two-foot intervals and also will include the net thickness of pay, total porosity-feet, average porosity, and average water saturation for the targeted Formation. 5.1.4 The drilling of the Har Sedom re-entry well hereunder shall commence no later than as prudently as possible following the execution of this Agreement in accordance with the requirements of the Hesed License and Ness Carve Out and the Lapidoth Drilling contract (Exhibit B) and the drilling of each additional well shall commence in accordance with the timetable agreed between Hesed and Operator in accordance with the requirements of the applicable Leases and Licenses. 5.1.5 The Operator shall have each Drill Site surveyed and staked and shall obtain approval from the applicable state regulatory authority for all permits necessary for the conduct of drilling operations on each Drill Site. 5.1.6 Included as part of the cost of drilling, Operator will supply a gamma ray- neutron log and a density log and such other log or logs as shall be deemed necessary or appropriate by the Operator of each well.
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