Alberta Securities Commission highlights Oil & Gas disclosure issues in 2009 Oil & Gas Review Report

Posted on August 17, 2010

The Alberta Securities Commission (ASC) has recently published its 2009 Oil & Gas Review Report dated July 2010. Designed to help issuers deal with oil and gas disclosure, the report also sets out the ASC’s expectations relating to mandated disclosure including information on the latest developments under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities and key disclosure issues. Topics of discussion include general guidance on NI 51-101 (in areas such as owning a stake in another company, unique features of international properties, combining reserve estimates and errors in published disclosure), analysis of technical revisions of reserves, international policy developments and upcoming amendments to NI 51-101.

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