Exploration Phase a.1) three percent (3%), for expenditures up to R$5,000,000.00 (five million Reais);
Exploration Phase a.1) three percent (3%), when expenditures range from 0 to R$5 million; a.2) two percent (2%), when expenditures range from R$5 to R$15 million; a.3) one percent (1%), when expenditures exceed R$15 million;
Exploration Phase. 4.1.1 The initial period of the Exploration Phase shall be ----------- years starting from the Effective Date. In accordance with the second paragraph of Section 28 (1) of the Petroleum Code, signature of this Contract constitutes the grant of an Exploration Authorisation.
Exploration Phase contractual period in which the Exploration and Assessment must take place.
Exploration Phase geological, geophysical and/or geochemical studies; - surface geology; - seismic, gravimetric or magnetometric acquisition work; - processing and reprocessing of seismic data as well as its subsequent interpretation; - planned laboratory analyses; - the Drilling operations planned (by number of xxxxx, rig months, metres drilled and cost); - necessary logistical support (by cost ); - professional training programme for Cameroonian nationals other than those employed by the CONTRACTOR ; - other.
Exploration Phase. Start and Duration
Exploration Phase. Article 4.1 The Contractor must start Exploration activities from the time of the Effective Date.
Exploration Phase. 6.1 During the Exploration Phase :
Exploration Phase. 6.1 During the Exploration Phase : 1256/AAP/KJW 26/04/2004
Exploration Phase. With the exception of the following duties, royalties and the taxes, the Company is exempt from all other royalties, duties and taxes:
