CSA releases guidance for oil and gas disclosure of resources other than reserves
The CSA published a notice today to provide guidance with respect to the disclosure of oil and gas resources other than reserves data. In the notice, the CSA noted that while disclosure of resources not included in reserves data is not required under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities, such disclosure "must be consistent with all applicable securities laws." The notice was published in response to "recurring issues" found in the CSA's review of such disclosure.
