167. An operating lease confers, in the land which is the subject thereof, the exclusive right to drill wells for petroleum and natural gas and to explore for and extract the same.
Nevertheless the holder of an operating lease shall not drill a well or test hole without having obtained in each case a licence issued for such purpose by the Minister; the conditions on which such licence shall be issued shall be determined by regulation.
1965 (1st sess.), c. 34, s. 166; 1968, c. 36, s. 13.