Common Contracts
1 similar Farm-in Agreement contracts
AustraliaFarm-in Agreement • January 4th, 2013
MEO Australia has executed binding agreements, subject to normal regulatory approvals, with Finder Exploration Pty Ltd to farm-in to the NT/P79 exploration permit in the Joseph Bonaparte Gulf. NT/P79 covers an area of 6,415 km2 and is located between MEO's existing NT/P68 (50%) and WA-454-P (100%) permits. Under the farm- in agreement, MEO will acquire a 65% participating interest and operatorship of the permit in return for reimbursing Finder $200,000. MEO will operate the permit and carry 100% of the study costs. The parties have a drill/drop election decision before entering the final permit year in June 2014.
