LONG-RANGE PLANS INCLUDING WELL AND LEASE ABANDONMENT Sample Clauses

LONG-RANGE PLANS INCLUDING WELL AND LEASE ABANDONMENT. It appears that, unless there is further development (drilling or gas storage), the field will become uneconomic to operate in late 2020 or early 2021, based on Aurora's production and economic projections. Thus, well abandonment and surface equipment removal would likely be planned for the summer of 2021.
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LONG-RANGE PLANS INCLUDING WELL AND LEASE ABANDONMENT. It appears that, unless there is further development (drilling or gas storage), the field will become uneconomic to operate in 2022, based on Amaroq's production and economic projections. Thus, well abandonment and surface equipment removal would likely be planned for the summer of 2022.

Related to LONG-RANGE PLANS INCLUDING WELL AND LEASE ABANDONMENT

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  • Ground Lease Reserved.

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  • ENCROACHMENT/ACQUISITION The Assignee/Bank has no notice or knowledge of any encroachment or that the Government or any other authority has any immediate intention of acquiring the whole or any part of the Property for roads or any other improvement schemes and if such encroachment shall be found to exist or if the Government or any local authority has any such intention, the same shall not annul the sale or shall any abatement or compensation be allowed in respect thereof.

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