M-13.1 - Mining Act

Section 176 Disposition versions

2018-09-20

176. (Repealed).

1987, c. 64, s. 176; 1998, c. 24, s. 87; 2016, c. 35, s. 23.

2010-01-21

176. The holder of an exploration licence shall notify the Minister in writing upon discovering a deposit of petroleum or natural gas in the territory subject to his licence and give him detailed information on the nature and location of the deposit.

Within three months after the discovery, the licensee shall, at the request of the Minister, transmit an assessment of the economic potential of the deposit.

Within six months after the production of an assessment confirming the presence of an economically workable petroleum or natural gas deposit, the holder of an exploration licence shall transmit to the Minister an application for a lease to produce petroleum and natural gas.

1987, c. 64, s. 176; 1998, c. 24, s. 87.

1999-04-01

176. The holder of an exploration licence for petroleum and natural gas, an exploration licence for brine or an exploration licence for underground reservoirs shall notify the Minister in writing upon discovering a deposit of petroleum, natural gas or brine in the territory subject to his licence and give him detailed information on the nature and location of the deposit.

Within three months after the discovery, the licensee shall, at the request of the Minister, transmit an assessment of the economic potential of the deposit.

Within six months after the production of an assessment confirming the presence of an economically workable petroleum or natural gas deposit, the holder of an exploration licence for petroleum and natural gas, an exploration licence for brine or an exploration licence for underground reservoirs shall transmit to the Minister an application for a lease to produce petroleum and natural gas. The holder of an exploration licence for brine shall, subject to the same conditions with respect to a brine deposit, transmit to the Minister an application for a lease to produce brine.

1987, c. 64, s. 176.