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Terms and Conditions for Standard SWTorpedo Stimulation
 

In consideration of service work to be performed, the undersigned hereby agrees to the following general terms and conditions of services:

1.     The geological studies and casing protection must be prepaid.

2.     A customer must have an approved open account with Sigor Corporation or a mutually executed written contract dictating payment terms different than those set in this Price List. If customer does not have an approved account, remaining balance is due and payable in cash at the time of performance of services. The account will be billed and invoices made payable on the twentieth day after date of invoice.

3.     At the time the work is actually performed, conditions then existing may require an increase or decrease in personnel, and/or material needs. Charges will be based upon unit prices in effect at the time the work is performed and the amount of personnel, and/or material actually utilized in the work. Taxes, if any, are not included. Applicable taxes, if any, will be added to the actual invoice.

4.     The casing protection calculation is based on data provided by the customer. If data provided by the customer contains false and/or inaccurate information, and causes casing and/or cement damage, it is understood by the customer that Sigor Corporation will not guarantee the results of the services provided and will not be held responsible for personal or property damage as a result of the services performed.

5.     It is understood and agreed that all depth measurements shall be completed by the customer’s representatives and supervised by the representatives of the Sigor Corporation.

6.     The customer certifies that it has the full right and authority to order such work on such well and that the well in which the work to be done by Sigor Corporation is in proper and suitable conditions for the performance of said work.

7.     It is understood and agreed between the parties that with the exception of the subject discounts, all services performed and materials provided subject to Sigor Corporation Terms and Conditions contained in this price list, (which include LIMITATION OF LIABILITY and WARRANTY provisions) shall be paid by customer.

8.     If a Master Service and/or Sales Contract applicable to the services, equipment, or materials supplied exist between customer and Sigor Corporation, then the negotiated Master Contract shall govern the relationship between the parties. A Master Contract can be negotiated with Sigor Corporation. Our Attorney will finalize a mutually agreeable contract with the customer in conjunction with the applicable Sigor Corporation work order contract.

9.     Customer agrees to release rights to all geological data and production history of the wells on which services will be performed by Sigor Corporation and to be used by Sigor Corporation for the publications and/or references.

10.    Customer agrees to pay interest on any unpaid balance from the date payable until paid at the highest lawful contract rate applicable, but never to exceed 18% per annum. In the event Sigor Corporation employs an attorney for collection of any account, customer agrees to pay attorney fees of 20% of the unpaid account, plus all collection and court costs.

By signing price list customer accepts listed prices.

 
 
Terms and Conditions for Optional Full Services
Including Custom Designed SWTorpedo Stimulation
 

In consideration of service work to be performed, the undersigned hereby agrees to the following general terms and conditions of services:

1.     All sums related to core analysis, geological data analysis and preparation of the project must be prepaid.

2.     A customer must have an approved open account with Sigor Corporation or a mutually executed written contract dictating payment terms different than those set in this Price List. If customer does not have an approved account, remaining balance is due and payable in cash at the time of performance of services. The account will be billed and invoices made payable on the twentieth day after date of invoice.

3.     At the time the work is actually performed, conditions then existing may require an increase or decrease in the equipment, personnel, and/or material needs. Charges will be based upon unit prices in effect at the time the work is performed and the amount of equipment, personnel, and/or material actually utilized in the work. Taxes, if any, are not included. Applicable taxes, if any, will be added to the actual invoice.

4.     The casing protection calculation is based on data provided by the customer. If data provided by the customer contains false and/or inaccurate information, and causes casing and/or cement damage, it is understood by the customer that Sigor Corporation will not guarantee the results of the services provided and will not be held responsible for personal or property damage as a result of the services performed.

5.     It is understood and agreed that all depth measurements shall be completed by the customer’s representatives and supervised by the representatives of the Sigor Corporation.

6.     The customer certifies that it has the full right and authority to order such work on such well and that the well in which the work to be done by Sigor Corporation is in proper and suitable conditions for the performance of said work.

7.     It is understood and agreed between the parties that with the exception of the subject discounts, all services performed and materials provided subject to Sigor Corporation Terms and Conditions contained in this price list, (which include LIMITATION OF LIABILITY and WARRANTY provisions) shall be paid by customer.

8.     If a Master Service and/or Sales Contract applicable to the services, equipment, or materials supplied exist between customer and Sigor Corporation, then the negotiated Master Contract shall govern the relationship between the parties. A Master Contract can be negotiated with Sigor Corporation. Our Attorney will finalize a mutually agreeable contract with the customer in conjunction with the applicable Sigor Corporation work order contract.

9.     Customer agrees to release rights to all geological data and production history of the wells on which services will be performed by Sigor Corporation and to be used by Sigor Corporation for the publications and/or references.

10.    Customer agrees to pay interest on any unpaid balance from the date payable until paid at the highest lawful contract rate applicable, but never to exceed 18% per annum. In the event Sigor Corporation employs an attorney for collection of any account, customer agrees to pay attorney fees of 20% of the unpaid account, plus all collection and court costs.

By signing price list customer accepts listed prices.