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AS PUBLISHED IN THE SUPPLEMENT OF THE BULLETIN OF JANUARY 25, 2002, VOL. 33 N 03 NATIONAL INSTRUMENT 51101 STANDARDS OF DISCLOSURE FOR OIL AND GAS ACTIVITIES TABLE OF CONTENTS PART 2. APPLICATION
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What is national instrument 51-101 standards?
National Instrument 51-101 (NI 51-101) is a set of regulations established by the Canadian Securities Administrators (CSA) that govern the disclosure of oil and gas reserves and resources.
Who is required to file national instrument 51-101 standards?
Companies listed on Canadian stock exchanges and engaged in oil and gas activities are required to file National Instrument 51-101 standards.
How to fill out national instrument 51-101 standards?
Companies must complete and file the necessary forms and reports provided by the CSA, ensuring accurate and timely disclosure of oil and gas reserves and resources according to the requirements outlined in NI 51-101.
What is the purpose of national instrument 51-101 standards?
The purpose of National Instrument 51-101 standards is to provide transparency and consistency in the disclosure of oil and gas reserves and resources information, allowing investors to make informed decisions.
What information must be reported on national instrument 51-101 standards?
Companies filing under National Instrument 51-101 must report data related to their oil and gas reserves and resources, including estimates of proved and probable reserves, production rates, future cash flows, and other relevant technical information.
When is the deadline to file national instrument 51-101 standards in 2023?
The deadline to file National Instrument 51-101 standards in 2023 is usually March 1st. However, it is always recommended to refer to the latest announcements and updates from the CSA in order to confirm the specific deadline for that year.
What is the penalty for the late filing of national instrument 51-101 standards?
The penalty for the late filing of National Instrument 51-101 standards can vary depending on the specific circumstances. Generally, late filings may result in financial penalties imposed by the CSA and potential reputational risks for the company. It is important for companies to comply with the filing deadlines to avoid any potential penalties or consequences.
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