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That might not sound large, in isolation, but represents just over a third of his 1997 reversionary bonus.
673(a) since the mandatory application of plan assets and accumulated income in satisfaction of the customer's estate's local law obligation to pay funeral expenses constituted a reversionary interest within the meaning of that statute.
The Company initially has estimated, based on preliminary engineering data, that the West Hastings Unit (the most likely initial area to be developed as a tertiary flood) has an estimated net reserve potential from CO2 tertiary floods of 50 to 90 million barrels of oil equivalent ("MMBOE") depending on the ultimate recovery factor, net of the projected reversionary interest, based on a $60 oil price.
Grainger Trust continued its advance following the announcement of its deal with Norwich Union, enabling Norwich to offer reversionary plans, where homeowners can release capital from their property.
Indeed in some cases leases of seven years or less are compulsorily registerable such as Discontinuous leases or Reversionary leases.
The Company currently owns a 25% reversionary working interest and a 7.
86m) reflecting a net initial yield of 11%, reversionary yield of 12% and a capital value of GBP 26 per sq ft.
The terms of the farmout agreement required Pennant to contribute 8% of the costs to drill and complete a test well at the above location to earn a reversionary working interest of 8% before payout (BPO) reverting to 4% after payout (APO) in the test well and 160 acre spacing unit subject to BPO gross overriding royalties payable to the Farmor.
CAUTIONARY STATEMENT: This press release contains certain forward-looking statements regarding various oil and gas discoveries, oil and gas exploration, development and production activities, anticipated and potential production and flow rates; anticipated revenues; potential reversionary interests and the potential payout of those reversionary interests; the economic potential of properties; estimated exploration costs; royalty relief; the potential Main Pass Energy Hub(TM) Project; the expected near-term funding of the related permitting process and the estimated capital costs for developing the project.
In contrast to the DEN lease, the court found the transactions at LAX, SFO and JFK constituted a sub-lease/leaseback arrangement where the lessor held little reversionary interest in the facilities at the end of the leaseback period.
The property has a reversionary rent profile with an estimated yield of 7.
The BLM is preparing an environmental assessment as part of a Notice of Intent to amend the Miles City Field Office 2015 Approved Resource Management Plan in order to offer the reversionary interest in the acreage by direct sale under the Federal Land Policy Management Act.