Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) For regulation 3.03, the required information from a petroleum retention lessee is:
(a) a description of work and expenditure commitments as detailed in the lease; and
(b) for all work, evaluations and studies carried out in relation to the lease:
(i) the total expenditure of the work, evaluation and studies; and
(ii) the results of the work, evaluation and studies, including details about any leads and prospects identified; and
(c) a list of the reports submitted to the Designated Authority in accordance with these Regulations during the year; and
(d) details of the lessee's plans for further evaluation of discoveries, including work that is to be carried out in the lease area; and
(e) for the work, evaluations and studies expected to be carried out in relation to the lease during the next year of the lease:
(i) a description of work commitments and expenditure estimates; and
(ii) a description of the measures taken by the lessee to prepare for the work mentioned in subparagraph (i); and
(f) for a year after the first year of the lease -- the following information about each petroleum pool situated in the lease area:
(i) a description of the pool;
(ii) any new information relating to the evaluation of the pool;
(iii) an estimate of the quantity of petroleum in the pool at the end of the previous year;
(iv) an estimate of recoverable petroleum in the pool at the end of the previous year;
(v) any new or revised data upon which the estimates in subparagraphs (iii) and (iv) are based, including a report of any study carried out that has resulted in a revised estimate;
(vi) a table summarising the resource and reserve quantities mentioned in subparagraphs (iii) and (iv); and
(g) any other information that is required to be included in the annual title assessment report by a condition of the lease.
(2) An annual title assessment report may include any other information that the lessee believes is relevant to the petroleum retention lease.