Common Contracts
1 similar Exclusive Geophysical Agreement contracts
EXCLUSIVE GEOPHYSICAL AGREEMENT TRACT NO. 44213 - St. Martin, St. Mary andExclusive Geophysical Agreement • December 3rd, 2014
The Exclusive Geophysical Agreement is a Type #2, 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 period. The Exclusive Geophysical Agreement #2, shall be effective from January 14, 2015 for a period terminating July 14, 2016, unless the Option period is activated by payment (timely) of the Option payment amount set forth in the Agreement, in which case the termination date shall be January 14, 2017, and which Agreement authorizes the successful bidder to conduct at least 3-D geophysical operations on all state owned water bottoms situated in St. Martin, St. Mary and Iberia Parishes, Louisiana, which area is identified for convenience as Tract #44213 and is more particularly described hereinafter, as follows: Beginning at a point having Coordinates of X = 1,975,862.38 and Y = 499,350.55; thence South 00 degrees 11 minutes 05 seconds East 26,244.83 feet to a point having
