Farm-In Agreement means an agreement whereby a Person agrees to pay all or a share of the drilling, completion or other expenses of an exploratory or development well (which agreement may be subject to a maximum payment obligation, after which expenses are shared in accordance with the working or participation interest therein or in accordance with the agreement of the parties) or perform the drilling, completion or other operation on such well in exchange for an ownership interest in an oil or gas property.
Farm-In Agreement means an agreement whereby a Person agrees to pay all or a share of the drilling, completion or other expenses of one or more exploratory or development wells (which agreement may be subject to a maximum payment obligation, after which expenses are shared in accordance with the working or participation interests therein or in accordance with the agreement of the parties) or perform the drilling, completion or other operation on such well or wells as all or a part of the consideration provided in exchange for an ownership interest in an Oil and Gas Property.
Farm-In Agreement means an agreement entered into between parties to transfer a participating interest in an oil and gas property.
Examples of Farm-In Agreement in a sentence
In July 2017, the Company announced it had entered into a Mineral Property Farm-In Agreement with Hudbay Minerals Inc.
During the year ended December 31, 2014, the Company further amended the existing Farm-In Agreement with Vector for oil & gas permits EP-71 and EP-72 (the “Little Swan” and “Bannock Creek” properties).
Sandfire is currently farming into the native title interests, historical sites,project with the right to earn 70% interest in the wilderness or national park andproject area (refer to terms of Farm-In Agreement environmental settings.dated 27 February 2018).
Newcrest has entered into a Joint Venture Agreement (effective 30 November 2020) and Farm-In Agreement (effective 12 March 2019) with Greatland Pty Ltd and Greatland Gold plc.
Sandfire is currently farming into the project with the right to earn 75% in the project area (refer to terms of Farm-In Agreement dated 12 October 2016).
More Definitions of Farm-In Agreement
Farm-In Agreement means an agreement, joint venture or contractual relationship whereby a Person agrees, among other things, to pay all or a share of the drilling, completion or other expenses of one or more xxxxx or perform the drilling, completion or other operation on such well or xxxxx as all or a part of the consideration provided in exchange for an ownership interest in an Oil and Gas Property or which has been formed for the purpose of exploring for and/or developing Oil and Gas Properties, where each of the parties thereto has either contributed or agreed to contribute cash, services, Oil and Gas Properties, other assets, or any combination of the foregoing.
Farm-In Agreement means an agreement, joint venture or contractual relationship whereby a Person agrees, among other things, to pay all or a share of the drilling, completion or other expenses of one or more wells or perform the drilling, completion or other operation on such well or wells as all or a part of the consideration provided in exchange for an ownership interest in an Oil and Gas Property or which has been formed for the purpose of exploring for and/or developing Oil and Gas Properties, where each of the parties thereto has either contributed or agreed to contribute cash, services, Oil and Gas Properties, other assets, or any combination of the foregoing.
Farm-In Agreement means an agreement between the owner of a mining tenement and another person that, after the other person expends the exploration amount specified in the agreement, that other person will have a right to acquire an interest in the mining tenement that is —
Farm-In Agreement means the Farm-In Agreement dated July 27, 2012 between us and PRE.
Farm-In Agreement means a Royalty Agreement pursuant to which a Third Party has granted to a Vendor an option or other right to acquire an interest in a Property and pursuant to which a Royalty relating to production from such Property has been conferred on or reserved to or may otherwise become payable to the Vendor;
Farm-In Agreement means a deferred farm-inagreement or an upfront farm-in agreement. "farmor" see section 84A. "financial asset" see section 130E. "financier" see section 130D. "first entity" , in a series of partnerships or trusts, means the partnership or trust in which the relevant partnership, relevant trust or corporate trustee has a partnership interest or trust interest. "first home" —
Farm-In Agreement means an agreement be tween the owner of a mining tenement and another person where the other person earns a right to acquire an interest in a mining tenement following the expenditure of an amount on fut ure exploration and development of the mining tenement, that is specified in the agreement.