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Prior to production, companies will not know how the royalty framework will treat their well (e.g., is the well eligible for a deep drilling program). How will the election process accommodate this?

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Prior to production, companies will not know how the royalty framework will treat their well (e.g., is the well eligible for a deep drilling program). How will the election process accommodate this?

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Companies will have to make a decision based on their expectations of which will be better prior to the end of the first calendar month in which the leased substance is produced from the unique well event. Companies may take advantage of knowledge gained from drilling of the well event.

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