H-4.2 - Petroleum Resources Act

Full text
269. A licence to explore for petroleum, natural gas and underground reservoirs issued under the Mining Act (chapter M‑13.1) and in force on 20 September 2018 is deemed to be, for the unexpired term of the licence, an exploration licence issued under this Act. The holder of such an exploration licence must inform the landowner, the local municipality and the regional county municipality whose land or territory is covered, in whole or in part, by the licence, in writing and within 60 days after 20 September 2018.
In the event of non-compliance with the first paragraph, sections 187 and 199 apply.
For the purposes of section 31, the work performed by the holder of a licence to explore for petroleum, natural gas and underground reservoirs under section 177 of the Mining Act for the current year as at 20 September 2018 is considered to have been performed in accordance with section 31.
For the purposes of section 33, excess amounts spent as at 20 September 2018 by the holder of a licence to explore for petroleum, natural gas and underground reservoirs may be applied to years subsequent to that in which the work was performed.
2016, c. 35, s. 232016, c. 35, s. 23.
Not in force
269. A licence to explore for petroleum, natural gas and underground reservoirs issued under the Mining Act (chapter M‑13.1) and in force on (insert the date of coming into force of this section) is deemed to be, for the unexpired term of the licence, an exploration licence issued under this Act. The holder of such an exploration licence must inform the landowner, the local municipality and the regional county municipality whose land or territory is covered, in whole or in part, by the licence, in writing and within 60 days after (insert the date of coming into force of this section).
In the event of non-compliance with the first paragraph, sections 187 and 199 apply.
For the purposes of section 31, the work performed by the holder of a licence to explore for petroleum, natural gas and underground reservoirs under section 177 of the Mining Act for the current year as at (insert the date of coming into force of this section) is considered to have been performed in accordance with section 31.
For the purposes of section 33, excess amounts spent as at (insert the date of coming into force of this section) by the holder of a licence to explore for petroleum, natural gas and underground reservoirs may be applied to years subsequent to that in which the work was performed.
2016, c. 35, s. 232016, c. 35, s. 23.