Production Target definition

Production Target means, with respect to a Performance Period Year, the budgeted amount of the Partnership’s and its subsidiaries’ production (expressed as BOE) for such Performance Period Year set forth in the Budget for such Performance Period Year.

Production Target means an aggregate average net daily production volume of oil, natural gas and natural gas liquids of 3,200 Barrels, calculated using Barrel of Oil Equivalent during any consecutive four-Quarter period.

Production Target means the budgeted amount of the Company’s production (expressed as BOE) for the applicable Performance Period Year set forth in the Budget for such Performance Period Year, adjusted for changes in the number of Units outstanding during the Performance Period Year by dividing such budgeted amount of the Company’s production by the number of Units outstanding effective as of the first day of such Performance Period Year (including all Units that were issued to a member of the Board or an employee of the Company as compensation effective as of the first day of such Performance Period Year) and then multiplying such amount by the arithmetic mean of the number of Units outstanding on January 1, April 1, July 1 and October 1 of such Performance Period Year (provided, however, that for purposes of calculating the “Production Target” for a Performance Period Year, any Units that are repurchased by the Company at any time during such Performance Period Year will reduce the number of Units outstanding during such Performance Period Year as of the date on which such Units are repurchased and not as of the date the repurchase is effective if the repurchase is effective retroactive to a date prior to the date of purchase).

Examples of Production Target in a sentence

• The term of the Production Target Sale and Purchase Agreement is three years.

• In preparation of the Production Target, the Company is guided by JORC 2012 and ASX Listing Rules Chapter 5.16 and 5.19.

• The Measured, Indicated and a small portion of Inferred Resources were used for the optimisation studies to define the Production Target.

• The Production Target has total material movement of approximately 16.9M bank m3 (BCM) of total earth moved and 7.6 Mt of kaolinized granite delivered to the ROM stockpile.

• On 28 March 2008, the Company entered into the Production Target Sale and Purchase Agreement with CPI Group.

• If a peace officer is acting in the lawful discharge of an official duty, a person fleeing the peace officer by means of a motor vehicle or motorcycle is liable for all bodily injury and property damage suffered by any other person, except another person fleeing from a peace officer, arising out of the operation or use of a pursuing peace officer's vehicle, unless the peace officer is not exercising reasonable care.

• The Company’s Production Target is published annually and is included in the “Group Mineral Resource and Ore Reserves Statement” (Annual MRORS).

• The Production Target is an estimate of potentially mineable tonnes based on the application of mining modifying factors to Measured, Indicated and Inferred Mineral Resources.

• As CPI Group is the ultimate holding company of the Company, the entering into the Production Target Sale and Purchase Agreement constitutes a continuing connected transaction of the Company.

• The stated Production Target is based on the Company’s current expectations of future results or events and should not be relied upon by investors when making investment decisions.

More Definitions of Production Target

Production Target means the BOEPD amounts set forth in Schedule B which represents the required average BOEPD production for 30 days prior to the Qualifying Sale to trigger the Incentive Award.

Production Target means, at the end of any day, the sum of the daily oil allowables for each day from the beginning of the production period plus any underproduction or less any overproduction carried