S-34.1, r. 3 - Regulation respecting petroleum exploration, production and storage licences, and the pipeline construction or use authorization

Section 43 Disposition versions

2018-09-20

43. The annual report provided for in section 37 of the Act must contain

(1)  a summary of the work performed, signed and sealed by a geologist or an engineer;

(2)  a summary of the exploration expenses incurred in the territory subject to the licence during the year;

(3)  a statement in terms of exploration and evaluation assets held by the holder since the issuance of the licence in the territory subject to the licence, certified by an independent chartered professional accountant auditor;

(4)  a summary of the new knowledge acquired during the year in the territory subject to the licence;

(5)  where a notice of a significant or commercial discovery has been registered in the public register of real and immovable petroleum rights, the updating of the estimation of the petroleum reserves and contingent resources present in the territory subject to the licence, established in accordance with the Canadian Oil and Gas Evaluation Handbook (COGEH) by an independent qualified reserves evaluator, if it has been carried out; and

(6)  the status of the wells and the amount of guarantees furnished in accordance with section 103 of the Act.

Any supporting or reference document must be sent with the annual report.

O.C. 1253-2018, s. 43.

Not in force

In force: 2018-09-20

43. The annual report provided for in section 37 of the Act must contain

(1)  a summary of the work performed, signed and sealed by a geologist or an engineer;

(2)  a summary of the exploration expenses incurred in the territory subject to the licence during the year;

(3)  a statement in terms of exploration and evaluation assets held by the holder since the issuance of the licence in the territory subject to the licence, certified by an independent chartered professional accountant auditor;

(4)  a summary of the new knowledge acquired during the year in the territory subject to the licence;

(5)  where a notice of a significant or commercial discovery has been registered in the public register of real and immovable petroleum rights, the updating of the estimation of the petroleum reserves and contingent resources present in the territory subject to the licence, established in accordance with the Canadian Oil and Gas Evaluation Handbook (COGEH) by an independent qualified reserves evaluator, if it has been carried out; and

(6)  the status of the wells and the amount of guarantees furnished in accordance with section 103 of the Act.

Any supporting or reference document must be sent with the annual report.

O.C. 1253-2018, s. 43.