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The lease continuance process is performed annually on April 1. The Ministry of Energy and Resources reviews oil and gas Crown lease dispositions whose primary term has expired. If the lease is continued by the ministry, industry is invoiced for the annual rentals in early April.
To assist industry in managing their Crown disposition lease commitments, the Ministry provides lease continuance prior notice reports each month. These reports are available through the Integrated Resource Information System (IRIS) to the Business Associate (BA) who is the lessee and/or Confidential Designated Representative associated with a lease.
The final lease continuance report is provided shortly after April 1 each year and is also available in IRIS to the BA who is the lessee and/or Confidential Designated Representative associated with a lease. Annual lease rental invoices that are generated as a result of the lease continuance process are delivered to the Confidential Designated Representative through IRIS.
To access your organization's lease continuance prior notice and final reports:
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