West Gharib definition

West Gharib means the West Gharib Concession area in Egypt; and
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West Gharib means the West Gharib area in Egypt;
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West Gharib means that part of the West Gharib region of Egypt in which TransGlobe West Gharib has a 100% working interest.
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Examples of West Gharib in a sentence

  • GHP holds a 30% interest in the West Gharib Concession area in Egypt.

  • On February 5, 2008, TransGlobe acquired all of the common shares of GHP Exploration (West Gharib) Ltd.

  • At the request of the government, the Company provided a $4.0 million production guarantee from the West Gharib Concession prior to entering the second extension period.

  • Following this property acquisition, TransGlobe holds 100% working interest in the West Gharib Concession in Egypt.

  • Pursuant to the August 18, 2008 asset purchase agreement for a 25% financial interest in eight development leases on the West Gharib Concession in Egypt, the Company has committed to paying the vendor a success fee to a maximum of $7.0 million if incremental reserve thresholds are reached in the East Hoshia (up to $5.0 million) and South Rahmi (up to $2.0 million) development leases, to be evaluated annually.

  • Dublin and Drucker hold interests in eight development leases and associated infrastructure in the West Gharib Concession area in Egypt (Dublin is the operator of this Concession).

  • At the request of the Government, the Company provided a $4.0 million production guarantee from the West Gharib Concession prior to entering the second extension period.Pursuant to the PSA for Block 72 in Yemen, the Contractor (Joint Venture Partners) has a minimum financial commitment of $2.0 million ($0.1 million to TransGlobe) to drill one exploration well during the second exploration period.

  • This was comprised of a $29.5 million impairment loss on the South Ghazalat concession and a $4.0 million impairment loss on the North West Gharib concession.

  • Dublin and Drucker hold interests in eight development leases and associated infrastructure in the West Gharib Concession area in the Arab Republic of Egypt (Dublin is the operator of this Concession).

  • The letter is secured by a guarantee granted by Export Development Canada.Pursuant to the August 18, 2008 asset purchase agreement for a 25% financial interest in eight development leases on the West Gharib Concession in Egypt, the Company has committed to paying the vendor a success fee to a maximum of $7.0 million if incremental reserve thresholds are reached in the East Hoshia (up to $5.0 million) and South Rahmi (up to $2.0 million) development leases, to be evaluated annually.


More Definitions of West Gharib

West Gharib means the West Gharib Concession area in Egypt; and "Yemen" means the Republic of Yemen.
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