Common use of Ongoing and Future Seismic Operations Clause in Contracts

Ongoing and Future Seismic Operations. The Parties agree to conduct such operations on all or substantially all of the Contract Lands. The Parties may, subject to their unanimous written consent, agree to reduce or increase the acreage on which such operations will be conducted when technical, legal or operational considerations indicate that such reduction or increase is warranted. In any event, the Parties agree to pay Operator their respective shares of the total costs of the 3-D Seismic Operations conducted on all land covered by AMI Interests as set forth in Article 2.2 hereof. Payment for 3-D Seismic Operations shall be due within fifteen (15) days after receipt of each invoice therefore. Operator shall furnish the other Parties hereto with copies of all applicable contracts and other information pertaining to all 3-D Seismic Operations conducted hereunder. The Parties shall own their Proportionate Share of the geophysical data obtained by and resulting from the 3-D Seismic Operations conducted on the Contract Lands, including, but not limited to all tapes, seismic sections and any and all other data generated by such 3-D Seismic Operations. Each Party shall have access to such data and shall receive copies thereof. The Parties agree to work together in a spirit of cooperation and in good faith in planning and causing the 3-D Seismic Operations to be conducted as contemplated herein as well as in sharing the data collected therefrom and the interpretations thereof. Such interpretations, by any Party, shall in no way be deemed a representation to any other Party that such interpretations are accurate or correct. Such interpretations shall be given merely as a means of sharing such Party's analysis and ideas regarding such data.

Ongoing and Future Seismic Operations. The Parties agree to conduct such operations on all or substantially all of the Contract Lands. The Parties may, subject to their the unanimous written consentconsent of all Parties, agree to reduce or increase the acreage on which such operations will be conducted when technical, legal or operational considerations indicate that such reduction or increase is warranted. In any event, the Parties agree to pay Operator their respective shares of the total costs of the 3-D Seismic Operations conducted on all land covered by AMI Interests as set forth in Article 2.2 hereof. Payment for 3-D Seismic Operations shall be due within fifteen (15) days after receipt of each invoice therefore. Operator shall furnish the other Parties hereto with copies of all applicable contracts and other information pertaining to all 3-D Seismic Operations conducted hereunder. The Parties shall own their Proportionate Share of the geophysical data obtained by and resulting from the 3-D Seismic Operations conducted on the Contract Lands, including, but not limited to all tapes, seismic sections and any and all other data generated by such 3-D Seismic Operations. Each Party shall have access to such data and shall receive copies thereof. The Parties agree to work together in a spirit of cooperation and in good faith in planning and causing the 3-D Seismic Operations to be conducted as contemplated herein as well as in sharing the data collected therefrom and the interpretations thereof. Such interpretations, by any Party, shall in no way be deemed a representation to any other Party that such interpretations are accurate or correct. Such interpretations shall be given merely as a means of sharing such Party's analysis and ideas regarding such data.