Common Contracts
1 similar Petroleum and Natural Gas Lease contracts
PETROLEUM AND NATURAL GAS LEASE NO.Petroleum and Natural Gas Lease • May 5th, 2020 • Alberta
THEREFORE, subject to the terms and conditions of this Lease, Her Majesty grants to the Lessee, insofar as Her Majesty has the right to grant the same, the exclusive right to drill for and recover the Leased Substances within the Location, together with the right to remove from the Location any Leased Substances recovered, for the term of five years computed from the Term Commencement Date and, subject to the Mines and Minerals Act, for so long after the expiration of that term as this Lease is permitted to continue under that Act.
