Examples of Mineral Property in a sentence
Title to Mineral Property Interests Although the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company’s title.
Pursuant to an amended and restated Mineral Property Option Agreement, dated August 30, 1998, the Company has the option to reduce the GOR and NSR interests to 2.25% and 2%, respectively, and eliminate entirely the NPI by completing certain share issuances and cash payments to the original property owner within 90 days of a production decision.
Mineral Property Costs Mineral property acquisition costs are capitalized upon acquisition.
All costs related to the acquisition of mineral properties are capitalized as Mineral Property interest.
Title to Mineral Property InterestsAlthough the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company’s title.