Oil and Natural Gas Licence to Search
An Oil and Natural Gas Licence to Search grants exclusive right to explore and produce oil and natural gas.
A licence to search for oil and natural gas shall be granted to the person submitting the successful tender in a "Call for Tenders" for the purchase of a licence to search.
A licence area shall not exceed 100 sections (35,000 approx.). A licence to search may be converted to a lease during the 3 year term of the licence to search.
|Fee Description||Rate in $||Effective Date|
|Transfer, Assignment, Agreement, or Instrument||50.00||2012-02-21|
|Rental fee for each year of licence to search|
|Licence area (per hectare) (per year)||0.15||2012-02-21|
|Registration fee for an instrument||50.00||2012-02-21|