Common use of Exploration Budgets Clause in Contracts

Exploration Budgets. The first Budget for the Exploration Period shall be submitted simultaneously with the Exploration Plan. Such first Budget shall include the Costs to be incurred during the remaining portion of the Calendar Year. The Contractor shall submit the Budget for each subsequent Year no later than September 30 of the immediately preceding Year.

Appears in 6 contracts

Samples: Model Production Sharing Agreement, Production Sharing Agreement, Sharing Agreement

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Exploration Budgets. The first Budget for the Exploration Period shall be submitted simultaneously with the Exploration Plan. Such first Budget shall include the Costs to be incurred during the first Contract Year and the Costs to be incurred during the remaining portion of the Calendar YearYear in which the first Contract Year ends. The Contractor shall submit the Budget for each subsequent Year no later than September 30 of the immediately preceding Year.

Appears in 5 contracts

Samples: Guarantee Contract (SAILFISH ENERGY HOLDINGS Corp), Guarantee Contract (SAILFISH ENERGY HOLDINGS Corp), Private Agreement (SAILFISH ENERGY HOLDINGS Corp)

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