(1) The Joint Authority must accept a field development plan under paragraph 4.05(2)(a) or subregulation 4.05(5) if the Joint Authority is satisfied that:
(a) the plan includes the matters mentioned in subregulation 4.07(1); and
(b) the plan demonstrates that the person will conduct pool management in the field in a manner that is:
(i) consistent with good oilfield practice; and
(ii) compatible with optimum long-term recovery of the petroleum.
(2) The Joint Authority must not accept a field development plan if the Joint Authority is not satisfied that the plan meets the requirements of subregulation (1).