Frontier Lands Petroleum Royalty Regulations

13 (1) Where the interest owner of a production licence in relation to a project consists of only one interest holder, the holder shall file with the Minister and, where the interest owner of a production licence in relation to a project consists of two or more interest holders, the representative of the interest owner shall file with the Minister a project statement, in the prescribed form, for the month in which the project commencement date falls and for every month thereafter in respect of the volumes of petroleum from the project that are produced, consumed or transported from project lands in that month and the project costs for that month and containing the prescribed information in respect of any applicable allocation agreement.

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