Fees, Securities and Royalties

Oil and Natural Gas

Commodity	Service Type	Description	Fee ($)
Oil and Natural Gas Tenure	Licence to Search	Tender	250.00
		Renewal	NA
		Rent (ha/yr)	0.15
		Work Commitment (per ha for a 3 year term)	≥ 10.00
		Security	Based on bid amount
	Lease	Tender	250.00
		Renewal	Continuance
		Rent (ha/yr)	4.00
		Work Commitment (per ha for a 5 year term). Continuance and extension based on portion of lease producing or capable of producing in paying quantity.	≥ 2.50
		Security	NA
Bituminous Shale Tenure	Licence to Search	Application	250.00
		Renewal	25.00
		Rent (ha/yr)	0.25
		Work Commitment (per ha for a 5 year term): Year 1 Year 2 Year 3 Year 4 Year 5	5.15 15.00 15.00 17.00 17.00
		Security	NA
	Development Permit	Application	250.00
		Renewal	25.00
		Rent (ha/yr)	1.25
		Work Commitment (per ha for a 5 year term): Year 1 to 5	25.00
		Security	Based on bid amount
	Lease	Application	250.00
		Renewal	25.00
		Rent (ha/yr)	2.25
		Work Commitment (per ha for a 10 year term):	Terms apply
		Security	NA
Underground Storage Tenure	Exploration Licence	Application	250.00
		Renewal	NA
		Rent (ha/yr)	0.50
		Work Commitment (per ha for a 3 year term): Year 1 Year 2 Year 3	0.62 1.50 2.25
		Security	Based on bid amount
	Storage Lease	Application	250.00
		Renewal	50.00
		Rent (ha/yr)	NA
		Work Commitment (per ha for a 10 year term):	Terms apply
		Security	Based on bid amount
	Construction Permit	Application	250.00
		Renewal	NA
		Rent (ha/yr)	NA
		Work Commitment (per ha for a 5 year term): apply within 1 year of obtaining a storage licence	--
		Security	NA
All Commodities (Geophysical Exploration)	Geophysical Licence	Application	250.00
		Renewal	50.00
		Security	10% of project cost up to 50,000.00
	Geophysical Permit	Application	50.00
		Renewal	25.00
		Security	NA

Natural Resources

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Last modified: 4/22/2008