If we do not act within the timeframes established under Sec. 203.65, you get royalty relief according to the following table. ------------------------------------------------------------------------
And we do not decide
If you apply for royalty within the time As long as you
(a) An authorized field, You get the minimum Abide by Sec. Sec.
suspension volumes 203.70 and 203.76.
specified in Sec.
203.69,(b) An expansion project, You get a royalty Abide by Sec. Sec.
suspension for the 203.70 and 203.76.
first year of
production,(c) A development project, You get a royalty Abide by Sec. Sec.
suspension for 203.70 and 203.76.
initial production
for the number of
months that a
decision is delayed
beyond the
stipulated
timeframes set by
Sec. 203.65, plus
all the royalty
suspension volume
for which you
qualify,------------------------------------------------------------------------