Oil and Natural Gas Lease
An Oil and Natural Gas Lease grants exclusive rights to produce oil and natural gas.
A person holding a valid oil and natural gas licence to search or a person submitting the successful tender in a "Call for Tenders" for the purchase of a lease.
The term of a lease is 5 years. The term of the lease may be extended where a portion of the lease is producing or capable of producing, in paying quantity.
|Fee Description||Rate in $||Effective Date|
|Conversion from Licence to search to lease||250.00||2012-02-21|
|Transfer, Assignment, Agreement, or Instrument||50.00||2012-02-21|
|Rental fee for each year of lease|
|lease area (per hectare) (per year)||4.00||2012-02-21|
|Registration fee for an instrument||50.00||2012-02-21|