11 AAC 83.810. Credit for geophysical work

(a) Geophysical exploration costs may be credited at a rate approved by the commissioner in the following manner:

(1) If the applicant desires credits for geophysical work, copies of the geophysical data obtained during the credit time period must be submitted to the commissioner within 90 days after completion of collection and processing of data.

(2) The commissioner will inspect the information submitted to ensure that the geophysical work was conducted according to accepted standards of geophysical practice before granting credits.

(3) The applicant is responsible for submitting correct information, for advising the state of any erroneous data previously submitted, and for correcting all errors in the geophysical information.

(b) Credits may be considered for geophysical work performed during the two seasons before the scheduled sale date.

(c) Geophysical information which accompanies an application under 11 AAC 83.815 for geophysical exploration incentive credits, including information submitted under (a)(1) - (a)(3) of this section, will be made public 30 days after the lease sale date.

History: Eff. 11/9/79, Register 72; am 3/18/83, Register 85

Authority: AS 38.05.022

AS 38.05.180

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