Fort Nelson Indian Reserve Minerals Revenue Sharing Act — F-31.4 1
ds included within the Reserve shall be deemed to be equal to the proportion which the recoverable reserves of Natural Gas contained in that part of the Pool underlying the Reserve bears to the total amount of recoverable reserves of Natural Gas in the Pool. (4) It is agreed that 7.44% of the total amount of Natural Gas in the Clarke Lake Field based upon the present Zero Line shall be deemed to be the Band’s share thereof. (5) If in the future it is determined that the actual boundaries of the Natural Gas Pool defined herein as the Clarke Lake Field extend beyond the lands described in Schedule “C”, the agreed percentage set out in subparagraph (4) of paragraph 7 hereof shall be adjusted accordingly between the parties, and, failing agreement, shall be settled by arbitration pursuant to paragraph 12 hereof. 8 BOOKS AND RECORDS (1) Whenever any moneys are paid hereunder by the Province to Canada they will be accompanied by a statement showing the manner in which such moneys were calculated. (2) The Province and its agents will keep proper books and records of the calculation and the receipt of revenues and profits pursuant to this Agreement, and will make such books and records available to audit and inspection by Canada or its agent, and will allow Canada or its agent to make copies thereof and take extracts therefrom, and will furnish Canada or its agent with such additional information relevant to the calculation and receipt of revenues and profits hereunder as Canada or its agent may reasonably require. 9 PETROLEUM AND NATURAL GAS — ENTRY AND ARBITRATION (1) The administration and control of the surface of the Reserve remains in Canada for the use and benefit of the Band. (2) Subject to subparagraph (6) hereof, any agreement in force at the date of execution of this Agreement whereby Canada granted rights of entry to the Reserve for the purpose of Petroleum or Natural Gas exploration, development or production, or any other purpose, shall remain in effect as though this Agreement had not been executed. (3) Canada, in its own right and on behalf of the Band, agrees to conclude agreements providing rights of entry to the Reserve to those persons licensed by the Province to explore for, develop or produce Petroleum or Natural Gas within the Reserve as of the date of execution of this Agreement. (4) The Province shall consult with Canada and the Band prior to the posting of any location within the Reserve for disposition by Crown reserve sale. In order to provide for such consultation, the Province shall give to Canada and the Band written notice of its intention to post a location within the Reserve at least 45 days prior to such posting. Within 21 days of receipt of such notice, Canada shall advise the Province in writing of any concerns or objections which Canada or the Band may have to such posting. Within 10 days thereafter, Canada and the Province shall discuss such concerns or objections. The Province may, at its option, defer the posting of a location within the Reserve in order to permit such discussions to continue after the expiry of the 45 day notice period stipulated herein, PROVIDED HOWEVER that nothing contained in this subparagraph (4) shall limit the right of the Province, in its sole discretion, to proceed with the posting of a location at any time after the expiry of the said 45 day notice period. (5) Where, after the date of execution of this Agreement, a person is licensed by the Province to explore for, develop or produce Petroleum or Natural Gas within the Reserve, Canada in its own right and on behalf of the Band and any other person whose rights, titles or interests in the Reserve may be affected by the grant of rights of entry, occupation or use necessary to conduct such exploration, development, or production shall, subject to subparagraph (6) hereof, conclude agreements providing rights of entry, occupation or use to the Reserve to such person so licensed by the Province. (6) Any dispute between Can