WORK PROGRAMMES AND ADVISORY COMMITTEE Clause Samples

WORK PROGRAMMES AND ADVISORY COMMITTEE. (a) Within 30 days of the Effective Date, the Company shall prepare and submit to T.P.D.C. a detailed Work Programme and Budget setting forth the Exploration Operations which the Company propose to carry out in the Calendar Year in which the Exploration Licence is first issued to T.P.D.C. hereunder and the estimated cost thereof. (b) So long as the Exploration Licence issued to T.P.D.C. hereunder remains in force, at least three months prior to the beginning of each subsequent Calendar Year, the Company shall prepare and submit to T.P.D.C. a detailed Work Programme and Budget setting forth the Exploration Operations which the Company propose to carry out in that Calendar Year and the estimated cost thereof. (c) Every Work Programme and Budget submitted to T.P.D.C. pursuant to this Article and every revision or amendment thereof shall be consistent with the requirements set out in Article 4 relating to work and expenditure for the Exploration Period within which the Work Programme and Budget will fall. (d) Every Work Programme and budget and, as the case may be, the appraisal programme referred to in Article 6(e), submitted by the Company to T.P.D.C. shall be reviewed by a joint committee to be established by T.P.D.C. and the Company. This committee, hereinafter referred to as the “Advisory Committee”, shall consist of four (4) members, two(2) of whom shall be appointed by T.P.D.C. and two(2) by the Company. The Chairman of the Advisory Committee shall be selected by T.P.D.C. from among the members appointed by it. Should T.P.D.C. wish to propose a revision of the proposed Work Programme and Budget, or appraisal programme, as the case may be, shall within three(3) weeks after receipt thereof so notify the Company specifying in reasonable detail its reasons. Promptly thereafter, the parties will meet and endeavor to agree upon the revisions proposed by T.P.D.C. Following review by the Advisory Committee the Company shall make such revisions as it deems appropriate and submit the work Programme and Budget or, without prejudice to Article 6(f), appraisal programme, as appropriate, to T.P.D.C. (e) Subject to Article 4, on giving notice to T.P.D.C. the Company nay amend any Work Programme or Budget or any revised Work Programme or Budget submitted to T.P.D.C. but subject to any such amendment the Company shall carry out the Exploration Operations set forth in the Work Programme or revised Work Programme and spend not less than the sum provided for in the Budget ...

WORK PROGRAMMES AND ADVISORY COMMITTEE. Within one month of the Effective Date, the Company shall prepare and submit to the Minister a detailed work programme and budget setting forth the exploration operations which the Company proposes to carry out in the calendar year in which the agreement is made and the estimated cost thereof.