(1) A licensee must
provide to the Minister in each year a report of the reserve estimate in
respect of each field (a "reserve estimate report ) in accordance with the
requirements of this regulation.
Administrative penalty.
(2) A reserve estimate
report must be provided to the Minister—
(a) in a
manner and form determined by the Minister; and
(b)
within 2 months after the reserve estimate has been calculated.
(3) A copy of a report
under this regulation will not be available for public inspection.