Common use of APPRAISAL OPERATIONS Clause in Contracts

APPRAISAL OPERATIONS. 11.1Proposal of Appraisal Xxxxx After the conclusion of Exploratory Operations, any Party may propose drilling an Appraisal Well by giving notice of the proposal (along with the associated AFE and Well Plan) to the other Parties. Each proposed Appraisal Well requires approval by [Select one of the following.] ☐ Vote. ☐ Election. ☐ unanimous agreement.

APPRAISAL OPERATIONS. 11.1Proposal of Appraisal Xxxxx After the conclusion of Exploratory Operations, any Party may propose drilling an Appraisal Well by giving notice of the proposal (along with the associated AFE and Well Plan) to the other Parties. Each proposed Appraisal Well requires approval by [Select one of the following.] ☐  Vote. ☐  Election. ☐  unanimous agreement. Each Non-Participating Party in an Appraisal Well will be subject to either an acreage forfeiture or Hydrocarbon Recoupment as provided in Article 16 (Non-Consent Operations).

APPRAISAL OPERATIONS. 11.1Proposal Proposal of Appraisal Xxxxx After the conclusion of Exploratory Operations, any Party may propose drilling an Appraisal Well by giving notice of the proposal (along with the associated AFE and Well Plan) to the other Parties. Each proposed Appraisal Well requires approval by [Select one of the following.] ☐ Vote. ☐ Election. ☐ unanimous agreement.