369. Every holder of an operating lease issued pursuant to the Mining Act (chapter M-13) for an area greater than that authorized by section 195 becomes the holder of several leases to produce petroleum and natural gas, each of which being for an area that is in conformity with that section. The holder shall, within three months after 24 October 1988, notify the Minister of the area subject to each of the leases.
Failing notification, the Minister shall establish the area subject to each lease.