Provided Operator has complied with all governmental regulations and all terms of the Mineral Lease, then Operator may, by notice to Owner, at any time terminate this Agreement as to all or any portion of the Property. Upon such a termination Operator shall be released from further obligations and liabilities under this Agreement except as to those obligations which have then occurred and become fixed, those obligations which have not been barred by the statute of limitations and those obligations which survive any termination of this Agreement. Any partial termination of this Agreement must describe the portion of the Property to be surrendered under the terms of this Paragraph.