Regulation 1211 - Prescribed Amounts

Administrative Policy

94 C.P.T.J. - Q.23

RC currently uses the provincial "well spacing" restrictions to distinguish between producing and non-producing portions of an oil and gas lease.

93 C.R. - Q.23

Where a Crown lease rental that otherwise qualifies as a prescribed amount in accordance with Regulation 1211(d) is prepaid for a five-year period, the amount of the prepayment that relates to each year of the prepaid period will be considered to be the amount that "became payable" during that year.

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