Paragraph 1 InterpretationI1

In the following clauses the following expressions have the meanings hereby respectively assigned to them, that is to say—

• “appraise” means, in relation to petroleum, to ascertain the extent or characteristics thereof or to ascertain what are the reserves thereof; and “appraisal” shall be construed accordingly;

• “block” means an area delineated on the reference map deposited at the principal office of the Minister’s department;

• “half year” means the period from 1st January to 30th June in any year and the period from 1st July to 31st December in any year;

• “initial term” has the meaning assigned thereto by clause 3;

• “the licensed area” means the area for the time being in which the Licensee may exercise the rights granted by this licence;

• “the Licensee” means the person or persons to whom this licence is granted, his personal representatives and any person or persons to whom the rights conferred by this licence may lawfully have been assigned;

• “the Minister” means the Secretary of State for Trade and Industry;

• “petroleum” includes any mineral oil or relative hydrocarbon and natural gas existing in its natural condition in strata, but does not include coal or bituminous shales or other stratified deposits from which oil can be extracted by destructive distillation;

• “well” includes borehole.

Any obligations which are to be observed and performed by the Licensee shall at any time at which the Licensee is more than one person be joint and several obligations.