VALUE FOR ROYALTY PURPOSES. 8.1 Value for all Petroleum produced and saved under a Licence or a Lease will be determined in accordance with the Rules.
Appears in 3 contracts
Samples: Joint Operating Agreement, Joint Operating Agreement, Joint Operating Agreement
VALUE FOR ROYALTY PURPOSES. 8.1 Value for all Petroleum produced and saved under a Licence or a Lease will be determined in accordance with the Rules. The royalty on LPG shall be payable on its realized market value.
Appears in 2 contracts
Samples: Joint Operating Agreement, Joint Operating Agreement