Earned Assignments. Upon drilling an Additional Earning Well to the Contract Depth and completing that well as a well capable of production in Paying Quantities, Dejour/Brownstone shall deliver to Laramie an assignment, as set forth in Section 6, of an undivided 70% of Dejour/Brownstone's right, title and interest in the Leases, as to the Earned Acreage, as defined in Section 6.3, for each Additional Initial Earning Well, as to all depths. Upon drilling the Additional Earning Well to the Contract Depth and completing that well as a well capable of producing oil and/or gas, but the well fails to produce in Paying Quantities, Dejour/Brownstone shall deliver to Laramie an assignment, as set forth in Section 6, below, of an undivided 100% of Dejour/Brownstone's right, title and interest in the wellbore, the associated production equipment, the associated hydrocarbon production through such wellbore, the surface rights necessary to operate and produce the well and the Leases, insofar and only insofar as to the quarter quarter section (40 acres, more or less) or comparable legal subdivision on which the well bottomhole is located, as to all depths.
Earned Assignments. As soon as practicable after (i) Xxxxxx is satisfied that Farmee has complied with all of its obligations under this Agreement with regard to the Phase II Earning Well, including the well specifications provided in Section 3.1(b), and has reached total depth on the Phase II Earning Well, but regardless of whether the Phase II Earning Well is completed as a producer of oil and/or gas in paying quantities or is plugged and abandoned as a dry hole, and (ii) Farmor and Farmee have received a fully processed version of the 3D seismic survey described in Section 3.2, partner shall deliver to Farmee a drill site acreage assignment as described in Section 3.3(b) and an additional acreage assignment as described in Section 3.3(c).
Earned Assignments. As soon as practicable after Xxxxxx is satisfied that Farmee has complied with all of its obligations under this Agreement with regard to the Phase III Earning Well, including the well specifications provided in Section 4.1(b), and has reached total depth on the Phase III Earning Well, but regardless of whether the Phase III Earning Well is completed as a producer of oil and/or gas in paying quantities or is plugged and abandoned as a dry hole, Xxxxxx shall deliver to Farmee an additional acreage assignment as described in Section 4.2(b).
Earned Assignments. Upon drilling an Additional Earning Well to the Contract Depth and completing that well as a well capable of production in Paying Quantities, AMOG shall deliver to Axiom an assignment, as set forth in Section 6, of an undivided 75% of AMOG's right, title and interest in the Leases, as to the Earned Acreage, as defined in Section 6.3, for each Additional Initial Earning Well, as to all depths. Upon drilling the Additional Earning Well to the Contract Depth and completing that well as a well capable of producing oil and/or gas, but the well fails to produce in Paying Quantities, AMOG shall deliver to Axiom an assignment, as set forth in Section 6, below, of an undivided 100% of AMOG's right, title and interest in the wellbore, the associated production equipment, the associated hydrocarbon production through such wellbore, the surface rights necessary to operate and produce the well and the Leases, insofar and only insofar as to the quarter quarter section (40 acres, more or less) or comparable legal subdivision on which the well bottomhole is located, as to all depths.
