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S-34.1, r. 3 - Regulation respecting petroleum exploration, production and storage licences, and the pipeline construction or use authorization
Section 23
Disposition versions
23. The Minister sends a notice of auction of an exploration licence to the persons registered on the list of qualified persons and publishes it on the department’s website. The notice may also be published in specialized magazines and newspapers.
The notice is part of the auction documents and contains, in particular,
(1) a brief description of the licence and the territory subject to it;
(2) the designated place and date and time of the beginning of the period for receiving bids;
(3) the bid closing date and time; the period must not be less than 150 days from the beginning of the period for receiving bids;
(4) the place where the auction documents may be obtained and the time at which they will be available;
(5) the place where additional information may be obtained;
(6) the indication that the auction will be won by the person who submitted the highest eligible bid; and
(7) the conditions and rules applicable to an application for registration on the list of qualified persons during the auction process.
In force: 2018-09-20
23. The Minister sends a notice of auction of an exploration licence to the persons registered on the list of qualified persons and publishes it on the department’s website. The notice may also be published in specialized magazines and newspapers.
The notice is part of the auction documents and contains, in particular,
(1) a brief description of the licence and the territory subject to it;
(2) the designated place and date and time of the beginning of the period for receiving bids;
(3) the bid closing date and time; the period must not be less than 150 days from the beginning of the period for receiving bids;
(4) the place where the auction documents may be obtained and the time at which they will be available;
(5) the place where additional information may be obtained;
(6) the indication that the auction will be won by the person who submitted the highest eligible bid; and
(7) the conditions and rules applicable to an application for registration on the list of qualified persons during the auction process.
