Joint property records. The Operator shall keep under the Joint Account records of all goods acquired and subject to inventory indicating each asset in detail, acquisition date and original cost. Accounts mentioned in this Agreement Clause 16 (sections 16.1, 16.2 and 16.3) will form part of the Operator's official accounting records but shall not mix with accounting records other than the Joint Account. The three accounts will be subject to this Agreement Clause 22.
Appears in 4 contracts
Samples: Rosablanca Association Contract (Midwestern Resources Inc), Rosablanca Association Contract (Seven Seas Petroleum Inc), Seven Seas Petroleum Inc
