Common Contracts
1 similar Exclusive Geophysical Agreement contracts
EXCLUSIVE GEOPHYSICAL AGREEMENT TRACT 43645 - Iberia and St. MartinExclusive Geophysical Agreement • October 1st, 2013
The Exclusive Geophysical Agreement is a Type # 3, and carries a maximum Initial Term of eighteen (18) months, with an Option Term, if exercised by additional payment as specified in the agreement, of six (6) months. The Exclusive Geophysical Agreement #3, shall be effective from November 13, 2013 for a period terminating May 13, 2015 unless the option period is activated by payment of the option payment amount set forth in the agreement, in which case the termination date shall be November 12, 2015, and which agreement authorizes the successful bidder to conduct at least 3-D geophysical operations on all state-owned water bottoms situated in an area in Iberia and St. Martin Parishes, which area is identified for convenience as Tract No. 43645 and is more particularly described hereinafter, and further, which Tract shall exclude and not be deemed to cover any area subject to an existing oil and gas lease or Operating Agreement from the State of Louisiana lying within the geographical b
