51-101 Standards of Disclosure for Oil and Gas Activities [NI - Rescinded]

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51-101 [NI] Oct 5 2011
Published: 2010-12-24
Effective: 2010-12-30
Rescinded / Lapsed: 2015-07-01

Concurrently Published

Document
BCN 2010/41 BCN 2010/41 Notice of Adoption of Amendments to National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities and Related Amendments [BCN - Lapsed]
51-101CP 51-101CP Standards of Disclosure for Oil and Gas Activities [CP - Rescinded]
51-101F1 51-101F1 Statement of Reserves Data and Other Oil and Gas Information [F - Rescinded]
51-101F2 51-101F2 Report on Reserves Data by Independent Qualified Reserves Evaluator or Auditor [F - Rescinded]
51-101F3 51-101F3 Report of Management and Directors on Oil and Gas Disclosure [F - Rescinded]
51-101F4 51-101F4 Notice of Filing of 51-101F1 Information [F]

Table of Contents

 

 

Part 1 APPLICATION AND TERMINOLOGY

1.1 Definitions
1.2 COGE Handbook Definitions
1.3 Applies to Reporting Issuers Only
1.4 Materiality Standard

Part 2 ANNUAL FILING REQUIREMENTS

2.1 Reserves Data and Other Oil and Gas Information

1. Statement of Reserves Data and Other Information
2. Report of Independent Qualified Reserves Evaluator or Auditor
3. Report of Management and Directors

2.2 Repealed (December 30, 2010)
2.3 Inclusion in Annual Information Form
2.4 Reservation in Report of Qualified Reserves Evaluator or Auditor

Part 3 RESPONSIBILITIES OF REPORTING ISSUERS AND DIRECTORS

3.1 Interpretation
3.2 Reporting Issuer to Appoint Independent Qualified Reserves Evaluator or Auditor
3.3 Reporting Issuer to Make Information Available to Qualified Reserves Evaluator or Auditor
3.4 Certain Responsibilities of Board of Directors
3.5 Reserves Committee
3.6 Repealed (September 19, 2005)

Part 4 MEASUREMENT

4.1 Repealed (December 30, 2010)
4.2 Consistency in Dates

Part 5 REQUIREMENTS APPLICABLE TO ALL DISCLOSURE

5.1 Application of Part 5
5.2 Disclosure of Reserves and Other Information
5.3 Classification of Reserves and of Resources Other than Reserves
5.4 Oil and Gas Reserves and Sales
5.5 Natural Gas By-Products
5.6 Future Net Revenue Not Fair Market Value
5.7 Consent of Qualified Reserves Evaluator or Auditor
5.8 Disclosure of Less Than All Reserves
5.9 Disclosure of Resources Other than Reserves
5.10 Analogous Information
5.11 Net Asset Value and Net Asset Value per Share
5.12 Reserve Replacement
5.13 Netbacks
5.14 BOEs and McfGEs
5.15 Finding and Development Costs
5.16 Restricted Disclosure: Summation of Resource Categories
5.17 Disclosure of High-Case Estimates of Reserves and of Resources Other than Reserves

Part 6 MATERIAL CHANGE DISCLOSURE

6.1 Material Change from Information Filed under Part 2

Part 7 OTHER INFORMATION

7.1 Information to be Furnished on Request

Part 8 EXEMPTIONS

8.1 Authority to Grant Exemption
8.2 Exemption for Certain Exchangeable Security Issuers

Part 9 INSTRUMENT IN FORCE

9.1 Coming Into Force