Common use of Ownership, Obligations and Liabilities Clause in Contracts

Ownership, Obligations and Liabilities. 3.3.A Unless otherwise provided in this Agreement, all the rights and interests in and under the Contract, all Joint Property, and any Hydrocarbons produced from the Contract Area shall, subject to the terms of the Contract, be owned by the Parties in proportion to their respective Cost Percentages.

Appears in 1 contract

Samples: August (Duma Energy Corp)

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Ownership, Obligations and Liabilities. 3.3.A Unless (X) Xnless otherwise provided in this Agreement, all the rights and interests in and under the Contract, all Joint Property, Property and any Hydrocarbons produced from the Contract Area shall, subject to the terms of the Contract, be owned by the Parties in proportion to accordance with their respective Cost PercentagesParticipating Interests.

Appears in 1 contract

Samples: Operating Agreement (Seven Seas Petroleum Inc)

Ownership, Obligations and Liabilities. 3.3.A (A) Unless otherwise provided in this Agreement or the Participation Agreement, all the rights and interests in and under the ContractConcession Agreement, all Joint Property, Property and any Hydrocarbons produced from the Contract Concession Area shall, subject to the terms of the ContractConcession Agreement, be owned by the Parties in proportion to accordance with their respective Cost PercentagesParticipating Interests.

Appears in 1 contract

Samples: Operating Agreement (Transatlantic Petroleum Corp)

Ownership, Obligations and Liabilities. 3.3.A 3.3(A) Unless otherwise provided in this AgreementAgreement or agreed by the Parties, all the rights and interests in and under the Contract, all Joint Property, Property and any Hydrocarbons produced from the Contract Area shall, subject to the terms of the Contract, be owned by the Parties in proportion to accordance with their respective Cost PercentagesParticipating Interests.

Appears in 1 contract

Samples: Joint Operating Agreement (BPZ Resources, Inc.)

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Ownership, Obligations and Liabilities. 3.3.A (a) Unless otherwise provided in this Agreement, all the rights and interests in and under the ContractPermits, all Joint Property, and any Hydrocarbons produced from the Contract Permit Area shall, subject to the terms of the ContractPermits, be owned held by the Parties in proportion to their respective Cost PercentagesParticipating Interests.

Appears in 1 contract

Samples: Joint Operating Agreement (Tamboran Resources Corp)

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