AI-assisted research summary: Annual fees and rentals are set for several oil and natural gas permissions, with the amounts payable to the Minister.
c t OIL AND NATURAL GAS ACT FEES AND RENTALS REGULATIONS PLEASE NOTE This document, prepared by the Legislative Counsel Office, is an office consolidation of this regulation, current to April 3, 2004. It is intended for information and reference purposes only. This document is not the official version of these regulations. The regulations and the amendments printed in the Royal Gazette should be consulted on the Prince Edward Island Government web site to determine the authoritative text of these regulations. For more information concerning the history of these regulations, please see the Table of Regulations on the Prince Edward Island Government web site (www.princeedwardisland.ca). If you find any errors or omissions in this consolidation, please contact: Legislative Counsel Office Tel: (902) 368-4292 Email: legislation@gov.pe.ca Oil and Natural Gas Act Fees and Rentals Regulations Section 1 c OIL AND NATURAL GAS ACT Chapter O-5 FEES AND RENTALS REGULATIONS Pursuant to section 11 of the Oil and Natural Gas Act R.S.P.E.I. 1988, Cap. O-5, Council made the following regulations: 1. Fees The following fees and rentals, payable annually to the Minister, are prescribed geophysical license (including renewal) .................................................................................... $25 well authorization ........................................................................................................................ $25 rig license ..................................................................................................................................... $25 permit rental ............................................................................................................... $0.10 per acre ($0.24 per hectare) lease rental .................................................................................................................. $1.00 per acre ($2.47 per hectare) (EC673/96; 177/04) c t Updated April 3, 2004 Page 3