H-4.2 - Petroleum Resources Act

Full text
25. An exploration licence gives its holder the right to explore for petroleum or an underground reservoir in the territory covered by the licence.
The licence must contain conditions, which are not inconsistent with this Act and the regulations, that are agreed on by the Minister and the holder.
The Minister may subject the licence to conditions designed to avoid conflicts with other uses of the territory.
The Government determines, by regulation, any other conditions for exercising the licence.
2016, c. 35, s. 232016, c. 35, s. 23.
Not in force
25. An exploration licence gives its holder the right to explore for petroleum or an underground reservoir in the territory covered by the licence.
The licence must contain conditions, which are not inconsistent with this Act and the regulations, that are agreed on by the Minister and the holder.
The Minister may subject the licence to conditions designed to avoid conflicts with other uses of the territory.
The Government determines, by regulation, any other conditions for exercising the licence.
2016, c. 35, s. 232016, c. 35, s. 23.