Paragraph 1 InterpretationF1I1

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

• “the Act of 1934” means the Petroleum (Production) Act 1934;

• “the exploration area” means the area for the time being within 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 F2the Secretary of State for Energy and Climate Change;

• “petroleum” includes any mineral oil or relative hydrocarbon and methane or any other 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;

• “the principal licence” has the meaning assigned thereto by clause 2.

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.