Common use of Area of Mutual Interest Clause in Contracts

Area of Mutual Interest. The Parties hereby establish an Area of Mutual Interest "AMI", same to be comprised of the area outlined on the attached Exhibit "A", and which shall cover AMI Interests located therein. This AMI shall continue for a term of seven (7) years, or the expiration of the last Jointly Owned AMI Interest, whichever is earlier.

Appears in 3 contracts

Samples: Exploration Agreement (Pease Oil & Gas Co /Co/), Exploration Agreement (Beta Oil & Gas Inc), Exploration Agreement (Beta Oil & Gas Inc)

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Area of Mutual Interest. The Parties hereby establish an Area of Mutual Interest "AMI", same to be comprised of the area outlined on the attached Exhibit "A", and which shall cover AMI Interests located therein. This AMI shall continue for a term of seven three (73) years, or the expiration of the last Jointly Owned AMI Interest, whichever is earlier.

Appears in 2 contracts

Samples: Exploration Agreement (Beta Oil & Gas Inc), Exploration Agreement (Pease Oil & Gas Co /Co/)

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