Consequences of Exclusive Operations. (A) With regard to any Exclusive Operation, for so long as a Non-Consenting Party has the option under Article 7.4(C) to reinstate the rights it relinquished under Article 7.4(B), such Non-Consenting Party shall be entitled to have access concurrently with the Consenting Parties to all data and other information relating to such Exclusive Operation, other than data obtained in an Exclusive Operation for the purpose of acquiring G & G Data. If a Non-Consenting Party desires to receive and acquire the right to use such G & G Data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties its Participating Interest share as set out in Article 3.2(A) of the cost incurred in obtaining such G & G Data.
Consequences of Exclusive Operations. (A) With regard to any Exclusive Operation, for so long as a Non-Consenting Party has the option under Article 7.4(C) to reinstate the rights it relinquished under Article 7.4(B), such Non-Consenting Party shall be entitled to have access concurrently with the Consenting Parties to all data and other information relating to such Exclusive Operation, other than G & G Data obtained in an Exclusive Operation. If a Non-Consenting Party desires to receive and acquire the right to use such G & G Data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties two hundred percent 200%) of the Non-Consenting Party’s Participating Interest share as set out in Article 3.2(A) of the cost incurred in obtaining such G & G Data. If the Parties decide to drill a well or xxxxx within the area covered by the G & G Data obtained in an Exclusive Operation, the Non-Consenting Party shall pay to the Consenting Parties three hundred percent (300%) of the Non-Consenting Party’s Participating Interest share of the cost incurred in obtaining such G & G Data which shall then become Joint Property.
Consequences of Exclusive Operations. (A) With regard to any Exclusive Operation, for so long as a Non-Consenting Party has the option to reinstate the rights it relinquished under Article 7.4(B) below, such NonConsenting Party shall be entitled to have access concurrently with the Consenting Parties, to all data and other information relating to such Exclusive Operation, other than G & G Data obtained in an Exclusive Operation. If a Non-Consenting Party desires to receive and acquire the right to use such G & G Data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties its Participating Interest share as set out in Article 3.1(A) of the cost incurred in obtaining such G & G Data.
Consequences of Exclusive Operations. (a) With regard to any Exclusive Operation, for so long as a Non-Consenting Party has the option under Article 8.4(c) to reinstate the rights it relinquished under Article 8.4(b) such Non-Consenting Party shall be entitled to have access concurrently with the Consenting Parties to all data and other information relating to such Exclusive Operation, other than G&G Data obtained in an Exclusive Operation. If a Non-Consenting Party desires to receive and acquire the right to use such G&G Data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties its participating interest share as set out in the agreement of the cost incurred in obtaining such G&G Data. If the Parties decide to drill a well or xxxxx within the area covered by the G&G Data obtained in an Exclusive Operation, the Non-Consenting Party shall pay to the Consenting Parties its participating interest share as set out in the agreement of the cost incurred in obtaining such G&G Data, which G&G Data shall then become Joint Property. (b) Subject to Article 8.4(c), Article 8.6(e) and Article 8.8, each Non-Consenting Party shall be deemed to have relinquished to the Consenting Parties and the Consenting Parties shall be deemed to own a percentage in proportion to their participating interest in any Exclusive Operation as follows: (i) all of each such Non-Consenting Party’s right to participate in further operations in the well or Deepened or Sidetracked portion of a well in which the Exclusive Operation was conducted and on any Discovery made or appraised in the course of such Exclusive Operation; and (ii) all of each such Non-Consenting Party’s right pursuant to the Lease to take and dispose of Hydrocarbons produced and saved: (1) from the well or Deepened or Sidetracked portion of a well in which such Exclusive Operation was conducted and (2) from any xxxxx drilled to appraise or develop a Discovery made or appraised in the course of such Exclusive Operation. (c) A Non-Consenting Party shall have only the following options to reinstate the rights it relinquished pursuant to Article 8.4(b): (i) if the Consenting Parties decide to appraise a Discovery made in the course of an Exclusive Operation, the Consenting Parties shall submit to each Non-Consenting Party the approved appraisal program. For sixty (60) Days (or forty-eight (48) hours if the drilling rig or seismic vessel which is to be used in such appraisal program is standing by under contract in the Contr...
Consequences of Exclusive Operations. (a) With regards to any Exclusive Operation, for so long as a Non-Consenting Party has the option under clause 7.4(c) to reinstate the rights it relinquished under clause 7.4(b), such Non-Consenting Party shall be entitled to have access concurrently with the Consenting Parties to all data and other information relating to such Exclusive Operation, other than data obtained in an Exclusive Operation for the purposes of acquiring G&G Data. If a Non-Consenting Party desires to receive and acquire the right to use such G&G Data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties its Participating Interest share as set out in clause 3.2(a) of the costs incurred in obtaining such G&G Data plus an additional amount equal to one hundred percent (100%) of such Non-Consenting Party’s Participating Interest share of the costs incurred in obtaining such G&G Data.
Consequences of Exclusive Operations. 36 7.5 Premium to Participate in Exclusive Operations.........................................................39 7.6
Consequences of Exclusive Operations. 51 7.5 In-Kind Penalty................................ 52 7.6
Consequences of Exclusive Operations. (A) Subject to Article 7.4(C) and Articles 7.5(E) and 7.7, if selected, each Non-Consenting Party shall be deemed to have relinquished to the Consenting Parties, and the Consenting Parties shall be deemed to own, in proportion to their respective Participating Interests in any Exclusive Operation:
Consequences of Exclusive Operations. A) With regard to any Exclusive Operation, other than an Exclusive Operation which is a Mandatory Appraisal Well, for so long as a Non-Consenting Party has the option to reinstate the rights it relinquished under Article 7.4(D) below, such Non-Consenting Party shall be entitled to have access, concurrently with the Consenting Parties, to all data and other information relating to such Exclusive Operation, other than G & G Data obtained in an Exclusive Operation. For the acquisition of G&G Data, if a Non-Consenting Party desires to receive and acquire the right at any time to use all or part of such G & G Data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties the amount set out in Article 7.5(A) and the Cash Premium set out in Article 7.5(B)(3). B) With regard to any Exclusive Operation, other than an Exclusive Operation which is a Mandatory Appraisal Well and subject to Articles 7.4(C) and (D) below, each Non-Consenting Party shall be deemed to have relinquished to the Consenting Parties, and the Consenting Parties shall be deemed to own, in proportion to their respective Participating Interests in the Exclusive Operation as determined in accordance with Article 7.2(E)(3):
Consequences of Exclusive Operations. 5.4 With regard to any Exclusive Operation:
