Common use of Seventh Year Clause in Contracts

Seventh Year. Geological and geophysical studies. · Reinterpretation of seismic lines based on new data obtained in the research drill done during the prior year. · Preparation of third research drill. Eighth year: · Realization of research drill with an estimated investment of US$ 15,000,000.00 (fifteen million United States dollars).

Appears in 5 contracts

Samples: Contract for Exploration and Production Rights, Contract for Exploration and Production Rights (Kosmos Energy Ltd.), Contract for Exploration and Production Rights (Kosmos Energy Ltd.)

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