Examples of Well cap in a sentence
The Net Mineral Acres attributable to Leases acquired after the Carried Acreage Cap is reached shall not be included in the calculation of the Well Cap.
As to each well drilled within a Prospect Area up to the Well Cap for that Prospect Area, ZAZA will retain a 10% carried Working Interest on a Carry Free of Costs basis proportionately reduced to HESS’ Working Interest in any such well(s).
Once the Well Cap is reached within a Prospect Area, ZAZA shall have the right to participate for a cost bearing 10% Working Interest on subsequent Wells within the Prospect Area pursuant to the terms of the applicable JOA.
Xxxxx Capital Management on behalf of managed accounts for and on behalf of: Mellon Bank NA Northern Trust Company Raiffeisen Zentral Bank Osterreieh A6 State Street Bank WFC - ITS WFC - Well Cap By: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Title: IN WITNESS WHEREOF, the Company and each Bondholder has caused this Agreement to be executed on its behalf as of the date first written above.
As to each well drilled up to the Well Cap, ZAZA will retain a 10% carried Working Interest on a Carry Free of Costs basis proportionately reduced to HESS’ Working Interest in any such well(s).
Investor shall contribute to IPC Israel, upon cash calls made by the Operator within the time period required under said call, the funds necessary to pay to the Operator such amount equal to IPC Israel 13.609% share of Initial Exploration Well Costs for the two Initial Exploration Xxxxx but not more than $28,000,000 (such amount to include the Deposit) subject to the per Well Cap stipulated in Section 4.3 hereinafter.
As to each well drilled within a Prospect Area up to the Well Cap for that Prospect Area, ZAZA will retain a 10% carried Working Interest on a Carry Free of Costs basis proportionately reduced to HESS’ Working Interest-in any such well(s).
Once the Well Cap is reached, ZAZA shall have the right to participate for a cost bearing 10% Working Interest on subsequent Xxxxx within the Hackberry Creek Project Area pursuant to the terms of the applicable JOA.
Once the Well Cap is reached within a Prospect Area, ZAZA shall have the right to participate for a cost bearing 10% Working Interest on subsequent Xxxxx within the Prospect Area pursuant to the terms of the applicable JOA.