BUDGET STATEMENT. The Contractor shall prepare a Budget Statement for each Year. This Statement shall distinguish between budgeted Exploration Costs, Development Costs and Production Costs and shall show the following:
Appears in 8 contracts
Samples: Production Sharing Contract (Geoglobal Resources Inc.), Production Sharing Contract (Geoglobal Resources Inc.), Production Sharing Contract (Geoglobal Resources Inc)
BUDGET STATEMENT. The Contractor shall prepare a Budget Statement for each Yearan annual budget Statement. This Statement shall will distinguish between budgeted Exploration CostsExpenditure, Development Costs Expenditure and Production Costs Expenditure and shall will show the following:
Appears in 1 contract
Samples: Petroleum Agreement
BUDGET STATEMENT. The Contractor shall prepare a Budget Statement for each YearFinancial Year for each Development Area. This Statement shall distinguish between budgeted Exploration CostsCost, Development Costs and Production Costs and shall show the following:
Appears in 1 contract
Samples: Production Sharing Contract (Geoglobal Resources Inc.)
