Common Contracts
1 similar Farmin Agreement contracts
ADX Welchau Gas Prospect (Phase 1) Farmin Completed And Well Site Drilling Access Agreement SignedFarmin Agreement • December 14th, 2022
Kepis & Pobe Financial Group Inc. (KPFG) has met the completion conditions in relation to the farmin agreement for funding 50% of the cost of the Welchau-1 exploration well to earn a 20% equity interest in the Welchau Farmin Area within the ADX’ ADX-AT-II exploration license in Upper Austria by making an initial payment of predrill costs of EUR 197,000 as well as an option fee of EUR 100,000 (Option Fee). The Welchau-1 well cost is budgeted at EUR 3,810,000 (A$ 5,910,000).
