Contract Awards. Operator shall award each contract for Joint Operations in accordance with the following procedures (the amounts stated are in Dollars): Procedure A Procedure B Exploration and Appraisal Operations 0 to 250,000 >250,000 Development Operations 0 to 500,000 >500,000 Production Operations 0 to 250,000 >250,000 Procedure A
Appears in 4 contracts
Samples: Overriding Royalty Agreement (Bontan Corp Inc), Overriding Royalty Agreement (Bontan Corp Inc), Joint Operating Agreement (Geoglobal Resources Inc.)
Contract Awards. (a) Subject to the Permits, Operator shall award each contract for Joint Operations in accordance with on the following procedures (the amounts stated are in Dollars): basis: Procedure A Procedure B Exploration and Appraisal Operations 0 to 250,000 >250,000 $4,999,999 $5,000,000 and over Development Operations 0 to 500,000 >500,000 $4,999,999 $5,000,000 and over Production Operations 0 to 250,000 >250,000 Procedure A$4,999,999 $5,000,000 and over Decommissioning Operations 0 to $4,999,999 $5,000,000 and over
Appears in 1 contract
Samples: Joint Operating Agreement (Tamboran Resources Corp)
