English: (1) An interest holder may make an application to the Minister, in the prescribed form, for the certification of qualified frontier exploration expenses.  (2) The interest holder shall file the application with the Minister application referred to in subsection (1) shall be made (a) in the case of a qualified frontier exploration expense incurred before the coming into force of these Regulations, not later than one year after the coming into force of these Regulations; and  (b) in the case of a qualified frontier exploration expense incurred after the coming into force of these Regulations, not later than one year after the year in which the expenses are incurred.  (3) Where If the an application for the certification of expenses as qualified frontier exploration expenses is made filed within the required time period required by paragraph (2)(a) or (b), the Minister shall, where if the Minister determines that the expenses are qualified frontier exploration expenses, certify those expenses as qualified frontier exploration expenses. REPORTS AND RETURNS 11.(1) Each interest holder of a production licence in relation to a project shall file with the Minister, in the prescribed form, in respect of the project (a) a pre-project commencement cost statement for that interest in the month of the project commencement in respect of allowed capital costs and allowed operating costs for that interest incurred prior to the month of the project commencement periodic royalty return in respect of each month preceding the month in which a prescribed royalty is due in relation to the petroleum in respect of which that royalty is payable; and (b) a royalty return for that interest for the month of the project commencement and for every month after that whether a royalty is payable for that month or not an annual royalty return in respect of each calendar year containing a month in respect of which a periodic royalty return is required to be filed in relation to the petroleum to which each such periodic royalty return relates (2) The interest holder shall file the pre-project commencement cost statement and the royalty return not later than the last day of the second month after the months referred to in paragraphs (1)(a) and (b) Each periodic royalty return shall be filed, pursuant to paragraph (1)(a), not later than the day on which the prescribed royalty for the petroleum to which the return relates is due (3) Each annual royalty return in respect of a calendar year shall be filed, pursuant to paragraph (1)(b), not later than April 30th of the following year.
French: (1) La redevance payable réservée à Sa Majesté, en vertu du paragraphe 55(1) de la Loi, par chaque indivisaire d’une licence de production — (ci-après l’assujetti) — est égale : a ) dans le cas de la production d’hydrocarbures provenant des terres domaniales du projet au cours d’un mois précédant le mois de recouvrement de l’investissement initial, à : (i) un pour cent des revenus bruts de l’assujetti provenant des hydrocarbures, à compter du premier mois de production jusqu’au dix-huitième, (ii) deux pour cent, à compter du dix-neuvième mois jusqu’au trente-sixième, (iii) trois pour cent, à compter du trente-septième mois jusqu’au cinquante-quatrième, (iv) quatre pour cent, à compter du cinquante-cinquième mois jusqu’au soixante-douzième, (v) cinq pour cent, à compter du soixante-treizième mois jusqu’au dernier mois de production antérieur au mois de recouvrement de l’investissement initial, b ) dans le cas de la production d’hydrocarbures provenant des terres domaniales du projet au cours du mois de recouvrement de l’investissement initial et de tout mois subséquent, au plus élevé des montants suivants : (i) 30 pour cent des revenus nets de l’assujetti provenant des hydrocarbures, (ii) cinq pour cent des revenus bruts de l’assujetti provenant des hydrocarbures, . moins c ) un crédit égal au moindre des montants suivants : (i) le solde du crédit de redevance à l’investissement de l’assujetti pour le mois dans lequel la redevance est payable, (ii) le montant calculé conformément aux alinéas a) ou b).