Common use of Initial Test Well Clause in Contracts

Initial Test Well. Ridgewood agrees to assume their Participating Interest in the costs to drill and evaluate the ITW to “Casing Point”. The Authority for Expenditure (“AFE”) to drill the ITW is attached hereto as Exhibit “C”. Concurrent with the execution of this Agreement, the parties agree to approve and execute the formal AFE. As used in this Agreement, "

Initial Test Well. Ridgewood agrees to assume their Participating Interest in the costs to drill and evaluate the ITW to “"Casing Point”". The Authority for Expenditure (“"AFE”") to drill the ITW is attached Attached hereto as Exhibit “C”"B". Concurrent with the execution of this Agreement, the parties agree to approve and execute the formal AFE. As used in this Agreement, "