Frontier Lands Petroleum Royalty Regulations

12 (1) Each interest holder of a production licence in relation to a project shall file with the Minister a payout statement, in the prescribed form, in respect of the project for each six month period, beginning with the period that starts with the month in which the project commencement date falls and ending with the period that includes the month of payout.

(2) Each payout statement shall be filed, pursuant to subsection (1), not later than the last day of the month immediately following the six month period to which it relates.