Common use of Disposition of Crude Oil Clause in Contracts

Disposition of Crude Oil. The Parties shall in good faith, and not less than three (3) months prior to the anticipated first delivery of Crude Oil, as promptly notified by Operator, negotiate and endeavor to conclude the terms of a lifting agreement to cover the off take of Crude Oil produced under the Contract based on the AIPN Model Form Lifting Procedure containing all such terms as may be negotiated and agreed by the parties, consistent with the Development Plan and/or extended well test production rights.

Appears in 4 contracts

Samples: Overriding Royalty Agreement (Bontan Corp Inc), Overriding Royalty Agreement (Bontan Corp Inc), Joint Operating Agreement (Geoglobal Resources Inc.)

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Disposition of Crude Oil. The Parties shall shall, in good faith, faith and not less than three (3) months prior to the anticipated first delivery of Crude Oil, Oil (as promptly notified by Operator), negotiate and endeavor endeavour to conclude the terms of a lifting agreement to cover the off take offtake of Crude Oil produced under from the Contract based on the AIPN Model Form Lifting Procedure containing all such terms as may be negotiated and agreed by the parties, consistent with the Development Plan and/or extended well test production rightsArea.

Appears in 1 contract

Samples: Joint Operating Agreement

Disposition of Crude Oil. The Parties shall in good faith, and not less than three (3) months prior to the anticipated first delivery of Crude Oil, as promptly notified by Operator, negotiate and endeavor to conclude the terms of a lifting agreement to cover the off take offtake of Crude Oil produced under the Contract based on the AIPN Model Form Lifting Procedure containing all such terms as may be negotiated and agreed by the parties, consistent with the Development Plan and/or extended well test production rightsContract.

Appears in 1 contract

Samples: Operating Agreement (Geoglobal Resources Inc.)

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Disposition of Crude Oil. The Parties shall shall, in good faith, faith and not less than three (3) months prior to the anticipated first delivery of Crude Oil, Oil (as promptly notified by the Operator), negotiate and endeavor endeavour to conclude the terms of a lifting agreement to cover the off take offtake of Crude Oil produced under from the Contract based on the AIPN Model Form Lifting Procedure containing all such terms as may be negotiated and agreed by the parties, consistent with the Development Plan and/or extended well test production rightsArea.

Appears in 1 contract

Samples: Joint Operating Agreement

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