Exploration Periods definition

Exploration Periods means the Initial Exploration Period, an Extension Period and any further extensions thereof.
Sample 1Sample 2Sample 3
Exploration Periods means the period(s) described in Clause 3.3, which includes the Initial Exploration Period, the First Additional Exploration Period, the Second Additional Exploration Period and any other extension as permitted under Clause 3.3.2.
Sample 1Sample 2
Exploration Periods means the period(s) described in Article 2.4, which includes the Initial Exploration Period, the First Extension Exploration Period, the Second Extension Exploration Period and any other extension as permitted under Article 2.4.
Sample 1

Examples of Exploration Periods in a sentence

  • The Exploration Periods and Appraisal Periods shall be extended pursuant to this Article 22.3 only when the relevant Force Majeure affects the Exploration and Appraisal activities, as the case may be, for more than thirty (30) Days over such periods.

  • Forward means the Participation Interest of twenty percent (20%) of the National Company that will be carried forward by the Contractor during the Exploration Period(s) until the End Point of the Carry-Forward.

  • If the Parties agree to carry out additional exploration work and SOCAR declares in writing its approval to the performance of additional exploration work within the said ninety (90) days, Contractor shall have the right to proceed to the Additional Exploration Period(s), and each such Additional Exploration Period shall be no longer than two (2) years in which Contractor shall drill at least one (1) exploration or appraisal well.

  • No later than the fifth anniversary of the date of the signing of this Agreement, the Company shall submit to the Department a general geological map of the whole Contract Area Block B (as then constituted) on the scale of 1 : 250,000 with attendant reports based on the Company's geological observations; such geological map shall contain the observations of rock types and their distribution and structure which have been made by the Company during the General Survey and Exploration Periods.

  • Evaluation and Exploration Periods and any Development and Production Period, you might want to try out their platform and test your trading plan in a demo account first without risking any money.

Related to Exploration Periods

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • Exploratory Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Exploration Operations means operations conducted in the Contract Area pursuant to this Contract in searching for Petroleum and in the course of an Appraisal Programme and shall include but not be limited to aerial, geological, geophysical, geochemical, palaeontological, palynological, topographical and seismic surveys, analysis, studies and their interpretation, investigations relating to the subsurface geology including structural test drilling, stratigraphic test drilling, drilling of Exploration Xxxxx and Appraisal Xxxxx and other related activities such as surveying, drill site preparation and all work necessarily connected therewith that is conducted in connection with Petroleum exploration.

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Accounting Periods means each month.

  • Gas Year means the period of 365 or 366 Gas Days, as the case may be, beginning at October 1st at 06:00 hours (Belgian time) and ending at September 30th 06:00 hours (Belgian time) of the next year.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Offering Periods means the periods of approximately ---------------- twenty-four (24) months during which an option granted pursuant to the Plan may be exercised, commencing on the first Trading Day on or after May 1 and November 1 of each year and terminating on the last Trading Day in the periods ending twenty-four months later; provided, however, that the first Offering Period under the Plan shall commence with the first Trading Day on or after the date on which the Securities and Exchange Commission declares the Company's Registration Statement effective and ending on the last Trading Day on or before April 30, 2002. The duration and timing of Offering Periods may be changed pursuant to Section 4 of this Plan.

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Commissioning Period means, with respect to each Subproject, the period commencing upon the first delivery of Feed Gas to the Subproject in accordance with Sections 4.8 and 11.1 of the Agreement continuing through achievement of RFSU, commissioning, Start Up, Performance Testing and achievement of Substantial Completion for such Subproject.

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.

  • Planning Period means the 12 moths beginning June 1 and extending through May 31 of the following year, or such other period approved by the Members Committee.

  • Implementation Period means the period from the date of signing of the Agreement and up to the issuance of Final Acceptance Certificate for the project.

  • Annual Work Plan and Budget means the work plan and budget prepared annually by the Recipient and approved by the Association in accordance with Section I.C of Schedule 2 to this Agreement; “Annual Work Plans and Budgets” means more than one such Annual Work Plan and Budget.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.