51-101 - Standards of Disclosure for Oil and Gas Disclosure [NI Blackline Advance Notice - Lapsed]

Concurrently Published:

• BCN 2007-30 - Advance Notice of Amendments to National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities [BCN - Lapsed]

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 IndependentQualified Reserves Evaluator or Auditor

                                    3.         Report of Management and Directors

2.2       News Release to Announce Filing

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3.6       repealed

Part 4   MEASUREMENT

4.1       Accounting Methods

4.2       Requirements for Disclosed Reserves Data

4.2       Consistency in Dates

Part 5   REQUIREMENTS APPLICABLE TO ALL DISCLOSURE

5.1       Application of Part 5

5.2      Consistency withDisclosure ofReservesData  and Other Information

5.3      Reserves and Resources Classification

5.4      Oil and Gas Reserves and Sales

5.5      Natural Gas By-Products

5.6      Future Net Revenue Not FairMarketValue

5.7       Consent of Qualified Reserves Evaluator or Auditor

5.8       Disclosure of Less Than All Reserves

5.9       DisclosureConcerning Prospectsof Resources

5.10     Estimates of Fair Value of an Unproved Property, Prospect or Resource

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

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

9.2       Transition