Madagascar Block definition

Madagascar Block means the contract area located off the west coast of Madagascar, as identified in a PSC entered into by EnerMad Corp. and OMNIS in October 2007;
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Examples of Madagascar Block in a sentence

  • Niko Resources (Overseas VIII) Limited will earn a 75% participating interest in the Madagascar Block and any extension or renewal thereof or amendment thereto.

  • Niko Resources (Overseas VIII) Limited will earn a 75% participating interest in the Madagascar Block and any extension, renewal or amendment thereto.

  • Niko Resources (OverseasVIII) Limited will earn a 75% participating interest in the Madagascar Block and any extension or renewal thereof or amendment thereto.

  • Properties with No Attributed Reserves The following table summarizes information with respect to the Company's properties to which no reserves have been specifically attributed: Land Holdings With No Attributed Reserves As at March 31, 2010 Location Reserves have not been attributed to the Cauvery Block, the D4 Block or NEC-25 blocks in India, Feni or Chattak in Bangladesh, the Pakistan Blocks, the Qara Dagh Block in Kurdistan, the Indonesian Blocks, the Madagascar Block or the Trinidad Areas.

  • The Company's undeveloped properties, including NEC-25, the Cauvery Block and the D4 Block in India, Chattak in Bangladesh, the Pakistan Blocks, the Qara Dagh Block in Kurdistan, the Madagascar Block and the Indonesian Blocks do not have reserves, as defined in NI 51-101, attributable to them.

  • Additional undeveloped discoveries in the D6 Block and NEC-25 in India and Block 5(c) in Trinidad and Tobago, the undeveloped Chattak and developed Feni properties in Bangladesh, the Indonesian Blocks, the Trinidad and Tobago Blocks (excluding Block 5(c)), and the Madagascar Block do not have reserves, as defined in NI 51-101, attributable to them.

  • Properties with No Attributed Reserves The following table summarizes information with respect to the Company's properties to which no reserves have been specifically attributed: Land Holdings With No Attributed Reserves As at March 31, 2009 Location Reserves have not been attributed to the Cauvery Block, the D4 Block or NEC-25 blocks in India, Chattak in Bangladesh, the Pakistan Blocks, the Qara Dagh Block in Kurdistan, the Indonesian Blocks or the Madagascar Block.

  • Terms of the Madagascar PSC The material terms of the PSC for the Madagascar Block provide: (a) for an exploration phase covering a period of eight years, extendable up to two years if the total evaluation of the block is not completed and up to five years to carry out a feasibility study of a natural gas discovery with the approval of OMNIS.

  • In January 2009, the Company agreed to assign 10% of its interest in the Madagascar Block to Black Gold Energy, LLC resulting in Niko having a 65% participating interest in the block.

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