Frontier Lands Petroleum Royalty Regulations

11 (1) Each interest holder of a production licence in relation to a project shall file with the Minister, in the prescribed form, in respect of the project

• (a) a periodic royalty return in respect of each month preceding the month in which a prescribed royalty is due in relation to the petroleum in respect of which that royalty is payable; and

• (b) an annual royalty return in respect of each calendar year containing a month in respect of which a periodic royalty return is required to be filed in relation to the petroleum to which each such periodic royalty return relates.

(2) Each periodic royalty return shall be filed, pursuant to paragraph (1)(a), not later than the day on which the prescribed royalty for the petroleum to which the return relates is due.

(3) Each annual royalty return in respect of a calendar year shall be filed, pursuant to paragraph (1)(b), not later than April 30th of the following year.