Notice

Amendments to Form 44-101F1, National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101) and related forms came into force on December 28, 2007.

The Securities Commission (Adoption of National Instruments) Amendment Regulations, 2007 (No. 5) came in to force on December 28, 2007.  The regulations adopt amendments to Form 44-101F1, National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities and related forms.

The amendments to Form 44-101F1 are technical and correct a numerical error in The Securities Commission (Adoption of National Instruments) Amendment Regulations, 2005 (No. 8)(Sask. Reg 149/2005). 

The amendments to NI 51-101 and related forms clarify some of the provisions in NI 51-101 and streamline the requirements in NI 51-101.  The amendments remove or amend certain requirements for the annual filing requirements where such requirements were determined to be burdensome for reporting issuers and of limited utility for investors and security holders.  Also, the amendments provide new guidelines for disclosure of resources that can not currently be classified as reserves.

 

December 28, 2007

Contact: 

Ian McIntosh

Deputy Director, Corporate Finance
Saskatchewan Financial Services Commission
(306) 787-5867