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.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • 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 $2.0 million if incremental reserve thresholds are reached in the South Rahmi development lease, 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).

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

  • As at December 31, 2010, no additional fees are due in 2011.Pursuant to a one-year extension to the West Hoshia development lease, which is part of the Concession agreement for West Gharib in Egypt, the Company provided a $1.0 million production guarantee to drill one exploration well prior to October 14, 2011.


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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