148. The licensee must, during the period of each renewal, carry out or cause to be carried out, to the satisfaction of the Minister, in the territory covered by his licence or in any neighbouring territory determined in accordance with section 139, exploration work consisting of geological or geophysical surveys, tests or the drilling of wells or test holes, in conformity with the regulations, at the following cost: $2.50 per hectare; minimum, $20 000.
1965 (1st sess.), c. 34, s. 147; 1968, c. 36, s. 11; 1970, c. 27, s. 31; 1977, c. 60, s. 92.