Div 1Required information: permittee or holder of drilling reservation

Division 1 — Required information: permittee or holder of drilling reservation

| 1. | A description of work and expenditure commitments as detailed in the permit or drilling reservation. | | 2. | For all work, evaluations and studies carried out in relation to the permit or drilling reservation —<br>(a) the total expenditure on the work, evaluation and studies; and<br>(b) the results of the work, evaluation and studies, including details about any leads and prospects identified. | | 3. | A list of the reports submitted to the Minister in accordance with these regulations during the year. | | 4. | For the work, evaluations and studies expected to be carried out in relation to the permit or drilling reservation during the next year of the permit or drilling reservation —<br>(a) a description of work commitments and expenditure estimates; and<br>(b) a description of the measures taken by the permittee or holder of the drilling reservation to prepare for the work mentioned in paragraph (a). | | 5. | Any other information that is required to be included in the annual assessment report by a condition of the permit or drilling reservation. |

Division 2 — Required information: lessee

| 6. | A description of work and expenditure commitments as detailed in the lease. | | 7. | For all work, evaluations and studies carried out in relation to the lease —<br>(a) the total expenditure on the work, evaluation and studies; and<br>(b) the results of the work, evaluation and studies, including details about any leads and prospects identified. | | 8. | A list of the reports submitted to the Minister in accordance with these regulations during the year. | | 9. | Details of the lessee’s plans for further evaluation of discoveries, including work that is to be carried out in the lease area. | | 10. | For the work, evaluations and studies expected to be carried out in relation to the lease during the next year of the lease —<br>(a) a description of work commitments and expenditure estimates; and<br>(b) a description of the measures taken by the lessee to prepare for the work mentioned in paragraph (a). | | 11. | For a year after the first year of the lease, the following information about each petroleum pool or geothermal resources area situated in the lease area —<br>(a) a description of the pool or geothermal resources area;<br>(b) any new information relating to the evaluation of the pool or geothermal resources area;<br>(c) an estimate of the quantity of petroleum in the pool, or geothermal energy resources in the geothermal resources area, at the end of the previous year;<br>(d) an estimate of the quantity of recoverable petroleum in the pool, or recoverable geothermal energy in the geothermal resources area, at the end of the previous year;<br>(e) any new or revised data upon which the estimates in paragraphs (c) and (d) are based, including a report of any study carried out that has resulted in a revised estimate;<br>(f) a table summarising the quantities mentioned in paragraphs (c) and (d) by reference to resources and reserves. | | 12. | Any other information that is required to be included in the annual assessment report by a condition of the lease. |