Changes to Companion Policy 51-101 Standards of Disclosure for Oil and Gas Activities

1. Companion Policy 51-101 Standards of Disclosure for Oil and Gas Activities is changed by this Document.

2. The fourth opening paragraph is changed by replacing "SEDAR" with "SEDAR+".

3. The Policy is changed by adding the following section:

1.5 Electronic transmission

National Instrument 13-103 System for Electronic Data Analysis and Retrieval + (SEDAR+) prescribes that each document that is required or permitted to be provided to a securities regulatory authority or regulator must be transmitted to the securities regulatory authority or regulator electronically through the System for Electronic Data Analysis and Retrieval + (SEDAR+).

The reference to a document includes any report, form, application, information, material and notice, as well as a copy thereof, and applies to documents that are required or permitted to be filed or deposited with, or delivered, furnished, sent, provided, submitted or otherwise transmitted to, a securities regulatory authority or regulator.

To reflect the phased implementation of SEDAR+, the Appendix of National Instrument 13-103 System for Electronic Data Analysis and Retrieval + (SEDAR+) sets out securities legislation under which documents are excluded from being filed or delivered in SEDAR+.

National Instrument 13-103 System for Electronic Data Analysis and Retrieval + (SEDAR+) should be consulted when providing any document to a securities regulatory authority or regulator under NI 51-101 and this Companion Policy..

4. Section 2.1 is changed in the heading by replacing "SEDAR" with "SEDAR+".

5. Section 2.1 is changed by

(a) replacing "SEDAR" wherever it occurs with "SEDAR+", and

(b) replacing "National Instrument13-101 System for Electronic Document Analysis and Retrieval (SEDAR) and the current CSA "SEDAR Filer Manual"" with "National Instrument 13-103System for Electronic Data Analysis and Retrieval + (SEDAR+) and its Companion Policy".

6. Subsection 2.4(2) is changed by replacing "SEDAR" wherever it occurs with "SEDAR+".

7. Subsection 5.2(5) is changed by replacing "SEDAR" with "SEDAR+".

Effective Date

8. These changes become effective on June 9, 2023.