NIN 99/02 - Amendments to Form 14 [NIN - Rescinded]

Published Date:	1999-02-12
Effective Date:	1999-01-31

Effective January 31, 1999, the Executive Director specified, in accordance with section 182 of the Securities Act, amendments to Form 14 under the Securities Act. The purpose of these amendments is to correct the numbering of the instructions in Item 9 and to revise the section reference to the Securities Rules in Instruction 2 to section (b) of Item 9.

DATED at Vancouver, British Columbia, on February 11, 1999

Michael J. Watson
Executive Director

Form 14 is amended by striking out Item 9 and substituting the following:

"Item 9 - Description of Business:

(a) Briefly describe the business carried on and intended to be carried on by the issuer and its subsidiaries and the general development of the business within the five preceding years.

INSTRUCTIONS:

1. The description shall not relate to the powers and objects specified in the incorporating instruments, but to the actual business carried on and intended to be carried on. Include the business of subsidiaries of the issuer only in so far as is necessary to understand the character and development of the business conducted by the combined enterprise.

2. In describing developments, information shall be given as to matters such as the following: the nature and results of any bankruptcy, receivership or similar proceedings with respect to the issuer or any of its subsidiaries; the nature and results of any other material reorganization of the issuer or any of its subsidiaries; the acquisition or disposition of any material amount of assets otherwise than in the ordinary course of business; material changes in the types of products produced or services rendered by the issuer and its subsidiaries; and any material changes in the mode of conducting the business of the issuer or its subsidiaries.

(b) In the case of an issuer other than an oil and gas issuer furnish the following information as to each of the properties, mines, and plants presently owned, leased, held under option or operated, or presently intended to be owned, leased, held under option or operated by the issuer or its subsidiaries:

(1) The location of, size of and means of access to the property;

(2) A brief description of the title, claim or lease under which the issuer or subsidiary has or will have the right to hold or operate the property, indicating any conditions which the issuer or subsidiary must meet in order to obtain or retain the property;

(3) (i) the names and addresses of all vendors of property purchased within the three years immediately preceding the date of the preliminary prospectus or the date of the pro forma prospectus and the property acquired from each and if any such vendor is or was an insider or promoter of the issuer or an associate or affiliate of any insider or promoter of the issuer, so indicate, and

(ii) the names and addresses in full of every person who has received within the three years immediately preceding the date of the preliminary prospectus, or pro forma prospectus, or is to receive from any vendor a greater than 5 per cent interest in the shares or other consideration received or to be received by the vendor;

(4) A brief history of previous prospecting, exploration, development and operations, including the names of previous operators, in so far as known;

(5) (i) a brief description of the character, extent and condition of any underground exploration and development and any underground plant and equipment, and, if none, so state, and

(ii) a brief description of the character, extent and condition of any surface exploration and development and any surface plant and equipment, and, if none, so state.

(6) A brief description of the mineral deposits on the property and their dimensions, including the identity of their principal metallic or other constituents, in so far as known. If the work done has established the existence of reserves of proven, probable or possible ore, state:

(i) the estimated tonnage and grade of such class of ore reserves; and

(ii) the name of the person making the estimates and the nature of his relationship to the issuer.

(7) Describe the work already done by the issuer under its present management on the property and the issuer's or subsidiary's proposed programme of exploration or development of the property. If the property is without a known body of commercial ore and the proposed programme is an exploratory search for ore, a statement to that effect shall be made.

INSTRUCTIONS:

1. The information called for shall only be given with respect to such of the properties of the issuer and its subsidiaries upon which, in whole or in part, the proceeds of the issuer are to be expended or which are major producing properties. Information with respect to the other properties of the issuer and its subsidiaries shall be given in summary form.

2. The information required by clause (6) of this item may be given in reliance upon the report relating to such property required to be filed with the Commission pursuant to section 107 of the Securities Rules if a statement to such effect is made in the prospectus.

(c) In the case of an oil or gas issuer furnish the following information as to the important oil and gas properties, plants, facilities and installations and other important properties presently owned, leased or held under option, or presently intended to be owned, leased or held under option, or presently intended to be owned, leased or held under option by the issuer or its subsidiaries:

(1) The location, by fields, if possible, of all producing wells and all non-unitized wells capable of producing in which the issuer or its subsidiaries have an interest, indicating the total number of wells in each such field or other area, the interest of the issuer and its subsidiaries therein expressed in terms of net wells, distinguishing separately oil wells and gas wells;

(2) With respect to interests in properties on which no producing wells have been drilled, the gross acreage in which the issuer or its subsidiaries have an interest and the interest of the issuer and its subsidiaries therein expressed in terms of net leasable acreage, and the location of such acreage by geographical area;

(3) If the exploration or development work is contemplated to be carried out so state and give the general nature and the proposed extent thereof;

(4) To the extent that such properties are not unitized and are capable of but are not producing, indicate the proximity of such properties to pipe lines or other means of transportation;

(5) The quantity and type of the estimated proved and developed reserves, proved undeveloped reserves, and probable additional reserves of crude oil, natural gas and natural gas liquids of the issuer and its subsidiaries together with particulars as to the accessibility of those reserves to gathering systems;

(6) The net crude oil, natural gas liquids and natural gas production of the issuer and its subsidiaries, including the interest of the issuer and its subsidiaries in the crude oil, natural gas liquids and natural gas production of any other person for each of the last five completed financial years preceding the date of the preliminary prospectus or pro forma prospectus, and for the current year as at a date not more than four months prior to the date of the preliminary prospectus or pro forma prospectus;

(7) The number of wells the issuer or its subsidiaries have drilled or have participated in the drilling of for each of the last five completed financial years preceding the date of the preliminary prospectus or pro forma prospectus, and for the current year as at a date not more than four months prior to the date of the preliminary prospectus or pro forma prospectus, the number of such wells completed as producing wells and as dry holes, and the amount expended by the issuer and its subsidiaries during the five completed financial years and the portion of the current year on drilling and exploration activities;

(8) (i) If any properties of the issuer or its subsidiaries were acquired within the three years immediately preceding the date of the preliminary prospectus or pro forma prospectus or are intended to be acquired by the issuer or subsidiary from an insider or promoter of the issuer or an associate or affiliate of any insider or promoter, state the name and address of each such transferor, the relationship of each such transferor to the issuer or its subsidiaries and the consideration paid or intended to be paid to each such transferor; and

(ii) The names and addresses of every person who has received or is to receive greater than 5 per cent interest in the consideration received or to be received by any transferor referred to in clause (i).

INSTRUCTIONS:

1. In giving the information required by clauses (1) and (2) of this item include such ownership interests as fee interests, leasehold interests, royalty interests, interests in reservation and all other types of ownership interests and variations thereof.

2. The information required by clause (5) of this item may be given in reliance upon the report relating to such property required to be filed with the Commission pursuant to section 107 of the Securities Rules if a statement to such effect is made in the prospectus.

3. In giving the information required by clause (7) of this item, do not include the amounts expended for payments made for and under leases or other similar interest, but state separately for the years and period referred to in clause (7) the amounts paid or payable for and under the leases or other similar interests."