Common use of (Non-Consent Exploratory Operations Clause in Contracts

(Non-Consent Exploratory Operations. down to Objective Depth in the First Exploratory Well), less the amount of the Underinvestment, has been recovered by the original Participating Parties. If a former Non-Participating Party becomes a Participating Party in more than one approved Sidetracking or Deepening in the same Exploratory Well, that former Non-Participating Party shall become an Underinvested Party only with regard to the first Sidetracking or Deepening it approves; however, that Underinvestment shall not be relieved by an Underinvested Party’s subsequent participation.

(Non-Consent Exploratory Operations. down to Objective Depth in the First Exploratory Well), less the amount of the Underinvestment, has been recovered by the original Participating Carrying Parties. If a former Non-Participating Party becomes a Participating Party in more than one approved Sidetracking or Deepening in the same Exploratory Well, that former Non-Participating Party shall become an Underinvested Party only with regard to the first Sidetracking or Deepening it approves; however, that Underinvestment shall not be relieved by an Underinvested Party’s subsequent participation.