Periodic Technical Overview Sample Clauses

Periodic Technical Overview. Within six (6) months from the Effective Date and each six (6) month period thereafter during the term of this Agreement, McMoRan shall present to Texaco, at a mutually agreeable time in McMoRan's New Orleans office, its evaluations and interpretations, of any geological, geophysical and engineering data, including but not limited to any 2-D or 3-D seismic data reprocessing, either speculative or proprietary (subject to license and other contractual limitations), that McMoRan generated, acquired, performed and/or conducted by itself or its consultants over any portion of the Contract Area McMoRan is currently evaluating or has evaluated since the last overall technical presentation as specified in this Section 8.1. During each meeting McMoRan will provide Texaco with a written report identifying the Prospects McMoRan anticipates will be proposed to Texaco for inclusion either under a Farmout Agreement or Sublease within the next six (6) months. Included in this report will be any information McMoRan has developed regarding the location and configuration of the Prospect(s), the well(s) to be drilled, objectives of the/these well(s), timing of xxxxx to be drilled and cost estimates McMoRan generated, if any.
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