BUDGET STATEMENT. 16.1 The Company shall prepare an annual budget statement. This statement shall distinguish between exploration expenditure, development expenditure, and production expenditure and shall show the following:
Appears in 4 contracts
Samples: Petroleum Agreement (Elephant Oil Corp.), Petroleum Agreement, Petroleum Agreement
BUDGET STATEMENT. 16.1 The Company shall prepare an annual budget statement. This statement shall distinguish between exploration expenditure, development dev elopment expenditure, and production expenditure and shall show the following:
Appears in 1 contract
Samples: Model Petroleum Agreement
BUDGET STATEMENT. 16.1 10.1 The Company shall prepare an annual budget statementBudget Statement. This statement Statement shall distinguish between exploration expenditureExploration Expenses, development expenditure, Development Expenses and production expenditure Operating Expenses and shall show the following:
Appears in 1 contract
Samples: Sharing Agreement
