What does GORR stand for?

Entered into a multi-well farm out on 640 (480 net) acres in the Viewfield area with a commitment to drill two 1-mile horizontal Bakken wells subject to a gross overriding royalty of 20%.

Upon drilling of the Test Well, Surge will earn working interest in the Farmout Lands per the following terms: --Before payout, Surge shall earn 100 percent of the Farmor's Interest in that portion of the Farmout Lands comprising the Test Well spacing unit, subject to a gross overriding royalty of 1/150 (5-15 percent) on oil, 15 percent on natural gas, and 15 percent on other petroleum substances.

Furthermore, in the case of an economic diamantiferous discovery on the property, Diamond Frank will issue 250,000 common shares and pay a 2% Gross Overriding Royalty (GORR) to DIAGNOS.

Gems and industrial minerals produced from the claims are subject to a 5-per-cent gross overriding royalty (GORR).

The Vendors retain a 2% gross overriding royalty ("GORR") on any diamond production, of which the Company may purchase 1% point for $1,000,000.

5% gross overriding royalty on diamonds produced for the property, and Superior will retain a right to buy back 1.

the company has earned a 45-per-cent interest in two sections before payout, a 20-per-cent interest after payout, subject to a Crown royalty and a 2-per-cent gross overriding royalty.

The Vendors retain a 2% gross overriding royalty ("GORR") on any diamond production, of which the Company may purchase 1% point for $1,000,000.