H-4.2, r. 3 - Regulation respecting petroleum exploration, production and storage licences, and the pipeline construction or use authorization

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38. The amount for the minimum work that an exploration licence holder must perform each year is,
(1)  for the first year of the term of the licence, $100 per km2 or $6,000, whichever is greater;
(2)  for the second year of the term of the licence, $200 per km2 or $12,000, whichever is greater;
(3)  for the third year of the term of the licence, $300 per km2 or $18,000, whichever is greater;
(4)  for the fourth year of the term of the licence, $400 per km2 or $24,000, whichever is greater;
(5)  for the fifth year of the term of the licence, $500 per km2 or $30,000, whichever is greater; and
(6)  from the first renewal of the licence made pursuant to section 49, $500 per km2 or $40,000, whichever is greater.
1253-2018O.C. 1253-2018, s. 38.
In force: 2018-09-20
38. The amount for the minimum work that an exploration licence holder must perform each year is,
(1)  for the first year of the term of the licence, $100 per km2 or $6,000, whichever is greater;
(2)  for the second year of the term of the licence, $200 per km2 or $12,000, whichever is greater;
(3)  for the third year of the term of the licence, $300 per km2 or $18,000, whichever is greater;
(4)  for the fourth year of the term of the licence, $400 per km2 or $24,000, whichever is greater;
(5)  for the fifth year of the term of the licence, $500 per km2 or $30,000, whichever is greater; and
(6)  from the first renewal of the licence made pursuant to section 49, $500 per km2 or $40,000, whichever is greater.
1253-2018O.C. 1253-2018, s. 38.