Farmin Interest definition

Farmin Interest means the SWR P2123 Farmin Interest and the Petro PL1/10 Farmin Interest and “Farmin Interests” means all of them as summarised in Schedule 3;
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Farmin Interest means four percent (4.000%) farmin cost interest Farmee has agreed to pay with respect to the drilling of the Earning Well.
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Farmin Interest means two percent (2.000%) Farmin cost interest Farmee has agreed to pay with respect to the drilling of the Earning Well. “Farmout Lands” means the lands and leases more particularly described in Schedule “A” attached hereto.
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Examples of Farmin Interest in a sentence

  • The Farmee agrees to participate and pay for its Farmin Interest share of the costs of drilling the Earning Well to Contract Depth and, subject to the provisions herein set forth, its Farmin Interest share of the costs of the Completion, Capping or Abandonment of the Earning Well.

  • The cost of the blow out insurance is in addition to the costs shown on the ▇▇▇▇▇▇▇▇ AFE and the Farmee agrees to pay its Farmin Interest share of such costs.

  • Farmee will pay a cash call advance to Farmor of one hundred and ten percent (110%) of its Farmin Interest share of the costs shown on the ▇▇▇▇▇▇▇▇ AFE as well as the estimated costs of the blowout insurance, both of which are to be received by Farmor six (6) days before the drilling rig begins to move.

  • The Farmee shall have fifteen (15) days from receipt of the Operator's notice to drill the substitute well to elect whether or not it wishes to participate in the substitute well as to its Farmin Interest.

  • If TechXplore elects not to participate, or fails to make an election in the allotted time period, for such twenty-five percent (25%) of the Farm-in Interest in the Prospect at the casing point, Century or its designee shall earn one-hundred percent (100%) of Farm-in Interest in the Prospect AMI.

  • The Farmee shall, provided that it elects to participate in the Completion and quipping of the Earning Well, be responsible to pay its Farmin Interest share of all subsequent authorities for expenditure and costs which relate to the Completion and Equipping of the Earning Well.

  • By funding these costs, Century or its designee shall earn a working interest in the Prospect AMI equal to seventy-five percent (75%) of the Farm-in Interest in the Prospect AMI.

  • Century or its designee shall pay one-hundred percent (100%) of the prospect fee and lease acquisition costs attributable to the Farm-in Interest and one-hundred percent (100%) of the drilling costs attributable to the Farm-out Interest to the casing point on the initial well drilled within the Prospect AMI.

  • The Farmee shall, provided that it elects to participate in the Completion and Equipping of the Earning Well, be responsible to pay its Farmin Interest share of all subsequent authorities for expenditure and costs which relate to the Completion and Equipping of the Earning Well.

  • Upon earning a Farmin Interest, Mosaic will deliver to Ausam a copy of all Permit Information in the possession of Mosaic.


More Definitions of Farmin Interest

Farmin Interest means all of RMMI and EBR's rights and interests pursuant to this Agreement to earn a beneficial interest in the Tenements;
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Farmin Interest means the Stage 1 Farmin Interest and Stage 2 Farmin Interest, as applicable.
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