Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002)RegulationsAmendment Regulations to the Mineral and Petroleum Resources Development Regulations, 2020Chapter 2 : Mineral and Petroleum, Social and Environmental RegulationsPart 1 : Mineral and Petroleum Regulation31. Reports in respect of exploration |
| (1) | A holder of an exploration right must submit timeous accurate progress reports to the designated agency on a monthly, quarterly and annual basis. |
| (2) | Monthly progress reports must be submitted within 7 days of month-end. |
| (3) | Quarterly progress reports must be submitted within 21 days of the end of the particular quarter of the year and must include— |
| (i) | the numbers of local and expatriate persons employed; |
| (ii) | work done and money expended on operations; |
| (iii) | the site and depth of every well drilled or being drilled; |
| (iv) | the formations penetrated and particulars regarding any occurrence of petroleum or any other a statement reflecting rehabilitation work completed and the rehabilitation work uncompleted. |
| (4) | Annual progress reports must be submitted within 60 days of calendar year end and must include— |
| (i) | a full report of the exploration operations carried out during the year; |
| (ii) | a detailed statement of exploration expenditure incurred during the year; |
| (iii) | a description of operations planned for the following year; |
| (iv) | a budget for exploration operations planned for the following year; and |
| (v) | a statement reflecting rehabilitation work completed and rehabilitation work uncompleted. |