2. Amend Sec.  210.4-10 by:
    a. Redesignating the subparagraphs in paragraph (a) as follows:

------------------------------------------------------------------------
                                                          New paragraph
                 Old paragraph  number                       number
------------------------------------------------------------------------
(a)(1)                                                          (a)(16)
(a)(2)                                                          (a)(24)
(a)(3)                                                          (a)(22)
(a)(4)                                                          (a)(25)
(a)(5)                                                          (a)(23)
(a)(6)                                                          (a)(34)
(a)(7)                                                          (a)(21)
(a)(8)                                                          (a)(15)
(a)(9)                                                          (a)(29)
(a)(10)                                                         (a)(13)
(a)(11)                                                          (a)(9)
(a)(12)                                                         (a)(32)
(a)(13)                                                         (a)(33)
(a)(14)                                                          (a)(1)
(a)(15)                                                         (a)(12)
(a)(16)                                                          (a)(7)
(a)(17)                                                         (a)(20)
------------------------------------------------------------------------

    b. Adding new paragraphs (a)(2), (a)(3), (a)(4), (a)(5), (a)(6),
(a)(8), (a)(10), (a)(11), (a)(14), (a)(17), (a)(18), (a)(19), (a)(26),
(a)(27), (a)(28), (a)(30), and (a)(31); and
    c. Revising newly redesignated paragraphs (a)(13), (a)(16),
(a)(22), (a)(24), and (a)(25).
    The additions and revisions read as follows:

Sec.  210.4-10  Financial accounting and reporting for oil and gas
producing activities pursuant to the Federal securities laws and the
Energy Policy and Conservation Act of 1975.

* * * * *
    (a) * * *
* * * * *
    (2) Analogous formation in the immediate area. An ``analogous
formation in the immediate area'' refers to a formation that shares the
following characteristics with the formation of interest:
    (i) Same geological formation;
    (ii) Same environment of deposition;
    (iii) Similar geological structure; and
    (iv) Same drive mechanism.
    Instruction to paragraph (a)(2): Reservoir properties must be no
more favorable in the analog than in the formation of interest. When
the geological properties change, the proposed analog formation can no
longer be said to be an analogous formation in the immediate area of
the formation of interest.
    (3) Condensate. Condensate is a mixture of hydrocarbons that exists
in the gaseous phase at original reservoir temperature and pressure,
but that, when produced, is in the liquid phase at surface pressure and
temperature.
    (4) Continuous accumulations. Continuous accumulations are
resources that are pervasive throughout large areas, have ill-defined
boundaries, and typically lack or are unaffected by hydrocarbon-water
contacts near the base of the accumulation. Examples include, but are
not limited to, natural bitumen (oil sands), gas hydrates, and self-
sourced accumulations such as coalbed methane, shale gas, and oil shale
deposits. Typically, such accumulations require specialized extraction
technology (e.g., removal of water from coalbed methane accumulations,
large fracturing programs for shale gas, steam, or solvents to mobilize
bitumen for in-situ recovery, and, in some cases, mining methods).
Moreover, the extracted oil or gas may require significant processing
prior to sale (e.g., bitumen upgraders).
    (5) Conventional accumulations. Conventional accumulations are
discrete oil or gas resources related to

localized geological structural features or stratigraphic conditions,
with the accumulation typically bounded by a hydrocarbon-water contact
near its base, and which are significantly affected by the tendency of
lighter hydrocarbons to ``float'' or accumulate above heavier water.
    (6) Deterministic estimate. The method of estimating reserves or
resources is called deterministic when a single value for each
parameter (from the geoscience, engineering, or economic data) in the
reserves calculation is used in the reserves estimation procedure.
* * * * *
    (8) Development project. A development project is the means by
which petroleum resources are brought to the status of economically
producible. As examples, the development of a single reservoir or
field, an incremental development in a producing field, or the
integrated development of a group of several fields and associated
facilities with a common ownership may constitute a development
project.
* * * * *
    (10) Economically producible. The term economically producible, as
it relates to a resource means a resource which generates revenue that
exceeds, or is reasonably expected to exceed, the costs of the
operation. The value of the products that generate revenue shall be
determined at the terminal point of oil and gas producing activities as
defined in paragraph (a)(16) of this section.
    (11) Estimated ultimate recovery (EUR). Estimated ultimate recovery
is the sum of reserves remaining as of a given date and cumulative
production as of that date.
* * * * *
    (13) Exploratory well. A well drilled to find and produce oil or
gas in an unproved area or to find a new reservoir in a field
previously found to be productive of oil or gas in another reservoir.
Generally, an exploratory well is any well that is not a development
well, an extension well, a service well, or a stratigraphic test well
as those items are defined in this section.
    (14) Extension well. A well drilled to extend the limits of a
proved reservoir.
* * * * *
    (16) Oil and gas producing activities. (i) Oil and gas producing
activities include:
    (A) The search for crude oil, including condensate and natural gas
liquids, or natural gas (``oil and gas'') in their natural states and
original locations;
    (B) The acquisition of property rights or properties for the
purpose of further exploration or for the purpose of removing the oil
or gas from existing reservoirs on such properties;
    (C) The construction, drilling, and production activities necessary
to retrieve oil and gas from their natural reservoirs, including the
acquisition, construction, installation, and maintenance of field
gathering and storage systems, such as:
    (1) Lifting the oil and gas to the surface; and
    (2) Gathering, treating, and field processing (as in the case of
processing gas to extract liquid hydrocarbons); and
    (D) Extraction of marketable hydrocarbons, in the solid, liquid, or
gaseous state, from oil sands, shale, coalbeds, or other nonrenewable
natural resources which can be upgraded into natural or synthetic oil
or gas, and activities undertaken with a view to such extraction.
    Instruction 1 to paragraph (a)(16)(i): The oil and gas production
function shall be regarded as terminating at the first point at which:
    a. Oil, gas, or gas liquids are delivered to a main pipeline, a
common carrier, a refinery, or a marine terminal; and
    b. In the case of marketable hydrocarbons that can be upgraded into
natural or synthetic oil or gas, the marketable hydrocarbons are
delivered to a main pipeline, a common carrier, a refinery, a marine
terminal, or a facility which upgrades such natural resources into
synthetic oil or gas from the natural resources.
    Instruction 2 to paragraph (a)(16)(i): For purposes of this
paragraph (a)(16), the term ``marketable hydrocarbons'' means
hydrocarbons for which there is a market for the product in the state
in which the hydrocarbons are delivered.
    (ii) Oil and gas producing activities do not include:
    (A) Transporting, refining, processing (other than field processing
of gas to extract liquid hydrocarbons), or marketing oil and gas;
    (B) Activities relating to the production of natural resources
other than oil, gas, or natural resources from which natural or
synthetic oil and gas can be extracted; or
    (C) Production of geothermal steam.
    (17) Possible reserves. Possible reserves are those additional
reserves that are less certain to be recovered than probable reserves.
    (i) When deterministic methods are used, the total quantities
ultimately recovered from a project have a low probability of exceeding
proved plus probable plus possible reserves. When probabilistic methods
are used, there should be at least a 10% probability that the total
quantities ultimately recovered will equal or exceed the proved plus
probable plus possible reserves estimates.
    (ii) Possible reserves may be assigned to areas of a reservoir
adjacent to probable reserves where data control and interpretations of
available data are progressively less certain. Frequently, this will be
in areas where geoscience and engineering data are unable to define
clearly the area and vertical limits of commercial production from the
reservoir by a defined project.
    (iii) Possible reserves also include incremental quantities
associated with a greater percentage recovery of the hydrocarbons in
place than the recovery quantities assumed for probable reserves.
    (iv) The proved plus probable and proved plus probable plus
possible reserves estimates must be based on reasonable alternative
technical and commercial interpretations within the reservoir or
subject project that are clearly documented, including comparisons to
results in successful similar projects.
    (v) Possible reserves may be assigned where geoscience and
engineering data identify directly adjacent portions of a reservoir
within the same accumulation that may be separated from proved areas by
faults with displacement less than formation thickness or other
geological discontinuities and that have not been penetrated by a
wellbore, but are interpreted to be in communication with the known
(proved) reservoir. Probable or possible reserves may be assigned to
areas that are structurally higher or lower than the proved area if
these areas are in communication with the proved reservoir.
    (vi) Pursuant to paragraph (a)(24)(iii) of this section, where
direct observation has defined a highest known oil (HKO) elevation and
the potential exists for an associated gas cap, proved oil reserves
should be assigned in the structurally higher portions of the reservoir
above the HKO only if the higher contact can be established with
reasonable certainty through reliable technology. Portions of the
reservoir that do not meet this reasonable certainty criterion may be
assigned as probable and possible oil and/or gas based on reservoir
fluid properties and pressure gradient interpretations.
    (18) Probable reserves. Probable reserves are those additional
reserves that are less certain to be recovered than proved reserves but
which, together with proved reserves, are as likely as not to be
recovered.
    (i) When deterministic methods are used, it is as likely as not
that actual remaining quantities recovered will

exceed the sum of estimated proved plus probable reserves. When
probabilistic methods are used, there should be at least a 50%
probability that the actual quantities recovered will equal or exceed
the proved plus probable reserves estimates.
    (ii) Probable reserves may be assigned to areas of a reservoir
adjacent to proved reserves where data control or interpretations of
available data are less certain, even if the interpreted reservoir
continuity of structure or productivity does not meet the reasonable
certainty criterion.
    (iii) Probable reserves estimates also include potential
incremental quantities associated with a greater percentage recovery of
the hydrocarbons in place than assumed for proved reserves.
    (iv) See also guidelines in paragraphs (a)(17)(iv) through
(a)(17)(vi) of this section.
    (19) Probabilistic estimate. The method of estimation of reserves
or resources is called probabilistic when the full range of values that
could reasonably occur for each unknown parameter (from the geoscience,
engineering, and economic data) is used to generate a full range of
possible outcomes and their associated probabilities of occurrence.
* * * * *
    (22) Proved developed oil and gas reserves. Proved developed oil
and gas reserves are proved reserves that can be expected to be
recovered:
    (i) In projects that extract oil and gas through wells, through
existing wells with existing equipment and operating methods; and
    (ii) In projects that extract oil and gas in other ways, through
installed extraction technology operational at the time of the reserves
estimate.
* * * * *
    (24) Proved oil and gas reserves. Proved oil and gas reserves are
those quantities of oil and gas, which, by analysis of geoscience and
engineering data, can be estimated with reasonable certainty to be
economically producible--from a given date forward, from known
reservoirs, and under existing economic conditions, operating methods,
and government regulations--prior to the time at which contracts
providing the right to operate expire, unless evidence indicates that
renewal is reasonably certain, regardless of whether deterministic or
probabilistic methods are used for the estimation. The project to
extract the hydrocarbons must have commenced or the operator must be
reasonably certain that it will commence the project within a
reasonable time.
    (i) The area of the reservoir considered as proved includes:
    (A) The area identified by drilling and limited by fluid contacts,
if any, and
    (B) Adjacent undrilled portions of the reservoir that can, with
reasonable certainty, be judged to be continuous with it and to contain
economically producible oil or gas on the basis of available geoscience
and engineering data.
    (ii) In the absence of data on fluid contacts, proved quantities in
a reservoir are limited by the lowest known hydrocarbons (LKH) as seen
in a well penetration unless geoscience, engineering, or performance
data and reliable technology establishes a lower contact with
reasonable certainty.
    (iii) Where direct observation from well penetrations has defined a
highest known oil (HKO) elevation and the potential exists for an
associated gas cap, proved oil reserves may be assigned in the
structurally higher portions of the reservoir only if geoscience,
engineering, or performance data and reliable technology establishes
the higher contact with reasonable certainty.
    (iv) Reserves which can be produced economically through
application of improved recovery techniques (including, but not limited
to, fluid injection) are included in the proved classification when:
    (A) Successful testing by a pilot project in an area of the
reservoir with properties no more favorable than in the reservoir as a
whole, the operation of an installed program in the reservoir or an
analogous formation in the immediate area, or other evidence using
reliable technology establishes the reasonable certainty of the
engineering analysis on which the project or program was based; and
    (B) The project has been approved for development by all necessary
parties and entities, including governmental entities.
    (v) Existing economic conditions include prices and costs at which
economic producibility from a reservoir is to be determined. The price
shall be the average price during the 12-month period prior to the
ending date of the period covered by the report, determined as an
unweighted arithmetic average of the ending price for each month within
such period.
    (25) Proved undeveloped reserves. Proved undeveloped oil and gas
reserves are reserves that are expected to be recovered from new wells
on undrilled acreage, or from existing wells where a relatively major
expenditure is required for recompletion.
    (i) Reserves on undrilled acreage shall be limited to those
drilling units directly offsetting productive units that are reasonably
certain of production when drilled, unless evidence using reliable
technology exists that establishes reasonable certainty of economic
producibility at greater distances.
    (A) In a conventional accumulation, offsetting productive units
must lie within an area in which economic producibility has been
established by reliable technology to be reasonably certain.
    (B) Proved reserves can be claimed in a conventional or continuous
accumulation in a given area in which engineering, geoscience, and
economic data, including actual drilling statistics in the area, and
reliable technology show that, with reasonable certainty, economic
producibility exists beyond immediately offsetting drilling units.
    (ii) Undrilled locations can be classified as having proved
undeveloped reserves only if a development plan has been adopted
indicating that they are scheduled to be drilled within five years,
unless unusual circumstances justify a longer time.
    (iii) Under no circumstances shall estimates for proved undeveloped
reserves be attributable to any acreage for which an application of
fluid injection or other improved recovery technique is contemplated,
unless such techniques have been proved effective by actual projects in
the area and in the same reservoir or an analogous reservoir in the
same geologic formation in the immediate area or by other evidence
using reliable technology establishing reasonable certainty.
    (26) Reasonable certainty. Reasonable certainty means ``much more
likely to be achieved than not.'' When deterministic methods are used,
as changes due to increased availability of geoscience (geological,
geophysical, and geochemical), engineering, and economic data are made
to estimated ultimate recovery (EUR) with time, reasonably certain EUR
is much more likely to increase than to either decrease or remain
constant. When probabilistic methods are used, reasonable certainty
means that there is at least a 90% probability that the quantities
actually recovered will equal or exceed the stated volume.
    (27) Reliable technology. Reliable technology is technology
(including computational methods) that, when applied using high quality
geoscience and engineering data, is widely accepted within the oil and
gas industry, has been field tested and has demonstrated consistency
and

repeatability in the formation being evaluated or in an analogous
formation. Expressed in probabilistic terms, reliable technology has
been proved empirically to lead to correct conclusions in 90% or more
of its applications.
    (28) Reserves. Reserves are estimated remaining quantities of oil
and gas and related substances anticipated to be recoverable, as of a
given date, by application of development projects to known
accumulations based on: Analysis of geoscience and engineering data;
the use of technology appropriate to establish the degree of certainty
of the reserves; the legal right to produce; installed means of
delivering the oil, gas, or related substances to markets, or the
permits, financing, and the appropriate level of certainty (reasonable
certainty, as likely as not, or possible but not likely) to do so; and
economic producibility at current prices and costs. The volumes of
reserves shall be determined on the basis of their volumes at the
terminal point of oil and gas producing activities as defined in
paragraph (a)(16) of this section. Reserves are classified as proved,
probable, and possible according to the degree of uncertainty
associated with the estimates.

    Note to paragraph (a)(28):
    Reserves should not be assigned to adjacent reservoirs isolated
by major, potentially sealing, faults until those reservoirs are
penetrated and evaluated as economically producible. Reserves should
not be assigned to areas that are clearly separated from a known
accumulation by a non-productive reservoir (i.e., absence of
reservoir, structurally low reservoir, or negative test results).
Such areas may contain prospective resources (i.e., potentially
recoverable resources from undiscovered accumulations).

* * * * *
    (30) Resources. Resources are quantities of oil and gas estimated
to exist in naturally occurring accumulations. A portion of the
resources may be estimated to be recoverable, and another portion may
be considered to be unrecoverable. Resources include both discovered
and undiscovered accumulations.
    (31) Sedimentary basin. A sedimentary basin is a low area in the
crust of the earth in which sediments have accumulated. Frequently,
sedimentary basins that contain oil and gas reserves contain a number
of discrete oil and gas reservoirs.
* * * * *

PART 229--STANDARD INSTRUCTIONS FOR FILING FORMS UNDER SECURITIES
ACT OF 1933, SECURITIES EXCHANGE ACT OF 1934 AND ENERGY POLICY AND
CONSERVATION ACT OF 1975--REGULATION S-K

    3. The authority citation for part 229 continues to read in part as
follows:

    Authority: 15 U.S.C. 77e, 77f, 77g, 77h, 77j, 77k, 77s, 77z-2,
77z-3, 77aa(25), 77aa(26), 77ddd, 77eee, 77ggg, 77hhh, 77iii, 77jjj,
77nnn, 77sss, 78c, 78i, 78j, 78l, 78m, 78n, 78o, 78u-5, 78w, 78ll,
78mm, 80a-8, 80a-9, 80a-20, 80a-29, 80a-30, 80a-31(c), 80a-37, 80a-
38(a), 80a-39, 80b-11, and 7201 et seq.; and 18 U.S.C. 1350, unless
otherwise noted.
* * * * *
    4. Amend Sec.  229.102 by revising the introductory text of
Instruction 3, and Instructions 4, 5 and 8 to read as follows.

Sec.  229.102 (Item 102)  Description of property.

* * * * *
    Instructions to Item 102: * * *
    3. In the case of an extractive enterprise, not involved in oil and
gas producing activities, material information shall be given as to
production, reserves, locations, development, and the nature of the
registrant's interest. If individual properties are of major
significance to an industry segment:
* * * * *
    4. A registrant engaged in oil and gas producing activities shall
provide the information required by Subpart 1200 of Regulation S-K.
    5. In the case of extractive reserves other than oil and gas
reserves, estimates other than proven or probable reserves (and any
estimated values of such reserves) shall not be disclosed in any
document publicly filed with the Commission, unless such information is
required to be disclosed in the document by foreign or state law;
provided, however, that where such estimates previously have been
provided to a person (or any of its affiliates) that is offering to
acquire, merge, or consolidate with the registrant, or otherwise to
acquire the registrant's securities, such estimates may be included in
documents relating to such acquisition.
* * * * *
    8. The attention of certain issuers engaged in oil and gas
producing activities is directed to the information called for in Guide
4 (referred to in Sec.  229.801(d)).
* * * * *

Sec.  229.801  [Amended]

    5. Amend Sec.  229.801 by removing and reserving paragraph (b) and
removing the authority citation following the section.

Sec.  229.802  [Amended]

    6. Amend Sec.  229.802 by removing and reserving paragraph (b) and
removing the authority citation following the section.
    7. Add subpart 229.1200 to read as follows:
Subpart 229.1200--Disclosure by Registrants Engaged in Oil and Gas
Producing Activities
Sec.
229.1201 (Item 1201) General instructions to oil and gas industry-
specific disclosures.
229.1202 (Item 1202) Disclosure of reserves.
229.1203 (Item 1203) Proved undeveloped reserves.
229.1204 (Item 1204) Oil and gas production.
229.1205 (Item 1205) Drilling and other exploratory and development
activities.
229.1206 (Item 1206) Present activities.
229.1207 (Item 1207) Delivery commitments.
229.1208 (Item 1208) Oil and gas properties, wells, operations, and
acreage.
229.1209 (Item 1209) Discussion and analysis of changes, trends, and
uncertainties for registrants engaged in oil and gas activities.

Subpart 229.1200--Disclosure by Registrants Engaged in Oil and Gas
Producing Activities

Sec.  229.1201 (Item 1201)  General instructions to oil and gas
industry-specific disclosures.

    (a) If oil and gas producing activities are material to the
registrant's or its subsidiaries' business operations or financial
position, the disclosure specified in this subpart 229.1200 should be
included under appropriate captions (with cross references, where
applicable, to related information disclosed in financial statements).
However, limited partnerships and joint ventures that conduct, operate,
manage, or report upon oil and gas drilling or income programs, that
acquire properties either for drilling and production, or for
production of oil, gas, or geothermal steam or water, need not include
such disclosure.
    (b) To the extent that Items 1202 through 1208 (Sec. Sec.  229.1202
through 229.1208) call for disclosures in tabular format, as specified
in the particular Item, a registrant may modify such format for ease of
presentation, to add information or to combine two or more required
tables.

    (c) The definitions in Rule 4-10(a) of Regulation S-X (17 CFR
210.4-10(a)) shall apply for purposes of this subpart 229.1200.
    (d) For purposes of this subpart 229.1200, the term ``by geographic
area'' means, to the extent allowed by law:
    (1) By continent;
    (2) By country totals for each country that contains 15% or more of
the registrant's global oil reserves or gas reserves; and
    (3) By sedimentary basin or field totals for each sedimentary basin
or field that contains 10% or more of the registrant's global oil
reserves or gas reserves.

Sec.  229.1202 (Item 1202)  Disclosure of reserves.

    (a) Summary of conventional oil and gas reserves at fiscal year
end. (1) Provide the information specified in paragraph (a)(2) of this
Item in tabular format as provided below:

   Summary of Oil and Gas Reserves in Conventional Accumulations as of
           Fiscal-Year End Based on Average Fiscal-Year Prices
------------------------------------------------------------------------
                                                  Reserves
                                  --------------------------------------
        Reserves category                                 Natural gas
                                      Oil  (mbbls)           (mmcf)
------------------------------------------------------------------------
PROVED                             ..................  .................
    Developed:                     ..................  .................
        Continent A..............  ..................  .................
        Continent B..............  ..................  .................
            15% Country A........  ..................  .................
            15% Country B........  ..................  .................
                10% Field A in     ..................  .................
                 Country B.
                Other Fields in    ..................  .................
                 Country B.
            Other Countries in     ..................  .................
             Continent B.
    Undeveloped:                   ..................  .................
        Continent A..............  ..................  .................
        Continent B..............  ..................  .................
            15% Country A........  ..................  .................
            15% Country B........  ..................  .................
                10% Field A in     ..................  .................
                 Country B.
                Other Fields in    ..................  .................
                 Country B.
            Other Countries in     ..................  .................
             Continent B.
                                  --------------------------------------
TOTAL PROVED.....................  ..................  .................
PROBABLE                           ..................  .................
POSSIBLE                           ..................  .................
------------------------------------------------------------------------

    (2) Disclose, in the aggregate and by geographic area, reserves
from conventional accumulations estimated using prices and costs under
existing economic conditions, for each product type, in the following
categories:
    (i) Proved developed reserves;
    (ii) Proved undeveloped reserves;
    (iii) Total proved reserves;
    (iv) Probable reserves (optional); and
    (v) Possible reserves (optional).
    Instruction 1 to paragraph (a)(2): Disclose updated reserves tables
as of the close of each fiscal year.
    Instruction 2 to paragraph (a)(2): The registrant is permitted, but
not required, to disclose probable or possible reserves pursuant to
paragraphs (a)(2)(iv) and (a)(2)(v) of this Item.
    Instruction 3 to paragraph (a)(2): If the registrant discloses
amounts of a product in barrels of oil equivalent, disclose the basis
for such equivalency.
    (3) Reported total reserves shall be simple arithmetic sums of all
estimates for individual properties or fields within each reserves
category. When probabilistic methods are used, reserves should not be
aggregated probabilistically beyond the field or property level;
instead, they should also be aggregated by simple arithmetic summation.
    (4) If the registrant has not previously disclosed reserves
estimates in a filing with the Commission, the registrant shall
disclose the technologies used to establish the appropriate level of
certainty for reserves estimates from material properties included in
the total reserves disclosed. The particular properties do not need to
be identified.
    (5) If the registrant chooses to disclose probable or possible
reserves, discuss the relative risks related to such reserves
estimates.
    (6) Preparation of reserves estimates or reserves audit. Disclose
the following information regarding the technical person primarily
responsible for preparing the reserves estimates and, if the registrant
represents that a third party conducted a reserves audit, regarding the
technical person primarily responsible for conducting such reserves
audit:
    (i) If the person is an employee of the registrant:
    (A) The fact that an employee of the registrant had primary
responsibility for preparing the reserves estimate (but the employee
does not have to be identified); and
    (B) Measures taken to assure the independence and objectivity of
the estimate;
    (ii) If the person is not an employee of the registrant:
    (A) The identity of the person;
    (B) The nature and amount of all work that the person has performed
for the registrant during the past three fiscal years, other than
preparing the reserves estimate or conducting the reserves audit, as
well as all compensation and fees (in any form) paid to that person for
all such services;
    (C) Whether the person has any other interests in the company or
other conflict of interests;
    (iii) Whether the person:
    (A) Has a minimum of three years of practical experience in
petroleum engineering or petroleum production geology, with at least
one full year of this experience being in the estimation and evaluation
of reserves if the person

was primarily responsible for preparing the reserves estimates;
    (B) Has a minimum of ten years of practical experience in petroleum
engineering or petroleum production geology, with at least five years
of this experience being in the estimation and evaluation of reserves
and the conducting of reserves audits if that person conducted a
reserves audit of the registrant's reserves estimates;
    (C) Has received, and is maintaining in good standing, a registered
or certified professional engineer's license or a registered or
certified professional geologist's license, or the equivalent thereof,
from an appropriate governmental authority or a recognized self-
regulating professional organization; and
    (D) Has a bachelor's or advanced degree in petroleum engineering,
geology, or other discipline of engineering or physical science, and if
so, the specific degree earned by that person; and
    (iv) Any memberships, in good standing, of the person with a self-
regulatory organization of engineers, geologists, other geoscientists,
or other professionals whose professional practice includes reserves
evaluations or reserves audits, that:
    (A) Admits members primarily on the basis of their educational
qualifications;
    (B) Requires its members to comply with the professional standards
of competence and ethics prescribed by the organization that are
relevant to the estimation, evaluation, review, or audit of reserves
data; and
    (C) Has disciplinary powers, including the power to suspend or
expel a member; and
    (v) To the extent the person does not have all of the
qualifications listed in paragraphs (a)(6)(iii) and (iv) of this Item,
the reasons why the registrant believes that the person is sufficiently
qualified to be primarily responsible for the technical aspects of the
reserves estimation or audit, as applicable, and any risks associated
with reserves estimates not prepared or audited by persons with such
qualifications.
    Instruction to paragraph (a)(6): For purposes of this Item, the
identified ``person'' may be an individual or a business entity. To the
extent that the person is a business entity, any disclosure regarding
the qualifications listed in paragraphs (a)(6)(iii) and (iv) of this
Item of that person will relate to the individual that is primarily
responsible for the technical aspects of the reserves estimation or
audit, as applicable.
    (7) Third party preparer reports. If the registrant represents that
its reserves estimates, or any estimated valuation thereof, are based
on estimates prepared by a third party, the registrant shall file a
report of the third party as an exhibit to the relevant registration
statement or report. The report must include the following disclosure:
    (i) The purpose for which the report was prepared and for whom it
was prepared;
    (ii) The effective date of the report and the date on which the
report was completed;
    (iii) The proportion of the company's total reserves covered by the
report and the geographic area in which the covered reserves are
located;
    (iv) The assumptions, data, methods, and procedures used to
estimate reserves quantities, including the percentage of the
registrant's total reserves reviewed in connection with the preparation
of the report, and a statement that such assumptions, data, methods,
and procedures are appropriate for the purpose served by the report;
    (v) A discussion of primary economic assumptions;
    (vi) A discussion of the possible effects of regulation on the
ability of the registrant to recover the estimated reserves;
    (vii) A discussion regarding the inherent risks and uncertainties
of reserves estimates;
    (viii) A statement that the third party has used all methods and
procedures as it considered necessary under the circumstances to
prepare the report; and
    (ix) The signature of the third party.
    (8) Third party reserves audit reports. If the registrant
represents that a third party conducted a reserves audit of the
registrant's reserves estimates, or any estimated valuation thereof,
the registrant shall file a report of the third party as an exhibit to
the relevant registration statement or report. The report must include
the following disclosure:
    (i) The purpose for which the report is being prepared and for whom
it is prepared;
    (ii) The effective date of the report and the date on which the
report was completed;
    (iii) The proportion of the company's total reserves covered by the
report and the geographic area in which the covered reserves are
located;
    (iv) The assumptions, data, methods, and procedures used to conduct
the reserves audit, including the percentage of the registrant's total
reserves reviewed in connection with the preparation of the report, and
a statement that such assumptions, data, methods, and procedures are
appropriate for the purpose served by the report;
    (v) A discussion of primary economic assumptions;
    (vi) A discussion of the possible effects of regulation on the
ability of the registrant to recover the estimated reserves;
    (vii) A discussion regarding the inherent risks and uncertainties
of reserves estimates;
    (viii) A statement that the third party has used all methods and
procedures as it considered necessary under the circumstances to
prepare the report;
    (ix) A brief summary of the third party's conclusions with respect
to the reserves estimates; and
    (x) The signature of the third party.
    (9) For purposes of this Item 1202, the term ``reserves audit''
means the process of reviewing certain of the pertinent facts
interpreted and assumptions made that have resulted in an estimate of
reserves prepared by others and the rendering of an opinion about the
appropriateness of the methodologies employed, the adequacy and quality
of the data relied upon, the depth and thoroughness of the reserves
estimation process, the classification of reserves appropriate to the
relevant definitions used, and the reasonableness of the estimated
reserves quantities. In order to disclose that a ``reserves audit'' has
been conducted, the report resulting from this review must represent an
examination of at least 80% of the portion of the registrant's reserves
covered by the reserves audit.
    (b) Summary of oil and gas reserves from continuous accumulations.
(1) Provide the information specified in paragraph (b)(2) of this Item
in tabular format as provided below:

Summary of Oil and Gas Reserves From Continuous Accumulations as of Fiscal-Year End Based on Average Fiscal-Year
                                                     Prices
----------------------------------------------------------------------------------------------------------------
                                                                        Reserves
           Reserves category           -------------------------------------------------------------------------
                                          Product A (measure)      Product B (measure)      Product C (measure)
----------------------------------------------------------------------------------------------------------------
PROVED                                  .......................  .......................  ......................
    Developed:                          .......................  .......................  ......................
        Country A.....................  .......................  .......................  ......................
        Country B.....................  .......................  .......................  ......................
            10% Field A in Country B..  .......................
            Other Fields in Country B.  .......................
    Undeveloped:                        .......................  .......................  ......................
        Country A.....................  .......................  .......................  ......................
        Country B.....................  .......................  .......................  ......................
            10% Field A in Country B..  .......................  .......................  ......................
            Other Fields in Country B.  .......................  .......................  ......................
                                       -------------------------------------------------------------------------
TOTAL PROVED..........................  .......................  .......................  ......................
PROBABLE                                .......................  .......................  ......................
POSSIBLE                                .......................  .......................  ......................
----------------------------------------------------------------------------------------------------------------

    (2) Disclose, in the aggregate and by geographic area, reserves
from continuous accumulations (including, but not limited to, bitumen
and shale oil, shale gas, and coalbed methane) estimated using prices
and costs under existing economic conditions, for each product type
applicable to the registrant, in the following categories:
    (i) Proved developed reserves;
    (ii) Proved undeveloped reserves;
    (iii) Total proved reserves;
    (iv) Probable reserves (optional); and
    (v) Possible reserves (optional).
    Instruction 1 to paragraph (b)(2): Disclose updated reserves tables
as of the close of each fiscal year.
    Instruction 2 to paragraph (b)(2): The registrant is permitted, but
not required, to disclose probable or possible reserves pursuant to
paragraphs (b)(2)(iv) and (b)(2)(v) of this Item.
    Instruction 3 to paragraph (b)(2): If the registrant discloses
amounts of a product in barrels of oil equivalent, disclose the basis
for such equivalency.
    (3) Provide the disclosures required by paragraphs (a)(3) through
(a)(9) of this Item, as they apply to continuous accumulations.
    (c) Reserves sensitivity analysis (optional). (1) The registrant
may, but is not required, to provide the information specified in
paragraph (c)(2) of this Item in tabular format as provided below:

                                                          Sensitivity of Reserves to Prices by Principal Product Type and Price Scenario
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                    Proved reserves                                      Probable reserves                                    Possible reserves
                                ----------------------------------------------------------------------------------------------------------------------------------------------------------------
           Price case                                                    Product A                                             Product A                                            Product A
                                    Oil (mbbls)       Gas (mmcf)         (measure)        Oil (mbbls)       Gas (mmcf)         (measure)        Oil (mbbls)       Gas (mmcf)        (measure)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Scenario 1.....................  ................  ................  ................  ................  ................  ................  ................  ................  ...............
Scenario 2.....................  ................  ................  ................  ................  ................  ................  ................  ................  ...............
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

    (2) The registrant may, but is not required to, disclose, in the
aggregate, an estimate of reserves estimated for each product type
based on different price and cost criteria, such as a range of prices
and costs that may reasonably be achieved, including standardized
futures prices or management's own forecasts.
    (3) If the registrant provides disclosure under this paragraph (c)
of this Item, disclose the price and cost schedules and assumptions on
which the values disclosed under paragraphs (c)(2)(i) through
(c)(2)(iv) of this Item are based.
    Instruction to Item 1202: Estimates of oil or gas resources other
than reserves, and any estimated values of such resources, shall not be
disclosed in any document publicly filed with the Commission, unless
such information is required to be disclosed in the document by foreign
or state law; provided, however, that where such estimates previously
have been provided to a person (or any of its affiliates) that is
offering to acquire, merge, or consolidate with the registrant or
otherwise to acquire the registrant's securities, such estimate may be
included in documents related to such acquisition.

Sec.  229.1203 (Item 1203)  Proved undeveloped reserves.

    (a) Provide the information specified in paragraph (b) of this Item
in tabular format as provided below:

                                    Conversion of Proved Undeveloped Reserves
----------------------------------------------------------------------------------------------------------------
                                  Proved undeveloped reserves  converted to
                                          proved developed reserves               Investment in conversion of
         Fiscal year          ------------------------------------------------  proved undeveloped  reserves to
                                                                  Product A       proved developed reserves, $
                                 Oil (mbbls)     Gas (mmcf)       (measure)
----------------------------------------------------------------------------------------------------------------
Fiscal Year--4...............  ..............  ..............  ..............  .................................

Fiscal Year--3...............  ..............  ..............  ..............  .................................
Fiscal Year--2...............  ..............  ..............  ..............  .................................
Fiscal Year--1...............  ..............  ..............  ..............  .................................
    Fiscal Year..............  ..............  ..............  ..............  .................................
----------------------------------------------------------------------------------------------------------------

    (b) For the last five fiscal years, disclose, by product type,
proved reserves estimated using current prices and costs in the
following categories:
    (1) Proved undeveloped reserves converted to proved developed
reserves during the year; and
    (2) Investments in the conversion of proved undeveloped reserves to
proved developed reserves during the year.
    (c) Disclose, by product type, any proved undeveloped reserves
which have remained undeveloped for five years or more. Explain the
reason for the lack of development.
    (d) Disclose the registrant's plans to develop proved undeveloped
reserves and to further develop proved oil and gas reserves.
    (e) Discuss any material changes to proved undeveloped reserves.

Sec.  229.1204 (Item 1204)  Oil and gas production.

    (a) Provide the information specified in paragraph (b) of this Item
in tabular format as provided below:

                                               Oil and Gas Production, Sales Prices, and Production Costs
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                Oil                                    Gas                                    Product A
                              --------------------------------------------------------------------------------------------------------------------------
           Location                                       Production                             Production                                 Production
                                Production  Sales price   cost ($US/   Production  Sales price   cost ($US/   Production    Sales price     cost ($US/
                                 (mbbls)     ($US/bbl)       boe)        (mmcf)     ($US/mcf)      mcfc)      (measure)   ($US/ measure)     measure)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Geographic Area A............  ...........  ...........  ...........  ...........  ...........  ...........  ...........  ..............  ..............
    Fiscal Year--2...........  ...........  ...........  ...........  ...........  ...........  ...........  ...........  ..............  ..............
    Fiscal Year--1...........  ...........  ...........  ...........  ...........  ...........  ...........  ...........  ..............  ..............
    Fiscal Year..............  ...........  ...........  ...........  ...........  ...........  ...........  ...........  ..............  ..............
Geographic Area B............  ...........  ...........  ...........  ...........  ...........  ...........  ...........  ..............  ..............
Geographic Area C............  ...........  ...........  ...........  ...........  ...........  ...........  ...........  ..............  ..............
--------------------------------------------------------------------------------------------------------------------------------------------------------

    (b) Disclose, by geographic area, for the last three years:
    (1) Net oil and gas production;
    (2) Average oil and gas sales prices, net of any effects as a
result of hedging transactions; and
    (3) Average production costs (lifting costs, not including
severance taxes) per unit of production.
    (c) For purposes of this Item 1204, the term ``net production''
includes only production that the registrant owns and production
attributable to the registrant's interest in projects less royalties
and production due to others. In special situations (e.g., foreign
operations), the registrant may provide net production before royalties
if more appropriate. If the registrant provides ``net before royalty''
production figures, it must note the change from usage of ``net
production.''

Sec.  229.1205 (Item 1205)  Drilling and other exploratory and
development activities.

    (a) Provide the information specified in paragraph (b) of this Item
in tabular format as provided below:

                                                                   Drilling Activities
                                                                    [Geographic area]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                              Exploratory wells                       Development wells                       Extension wells
                                  ----------------------------------------------------------------------------------------------------------------------
                                          Gross                Net                Gross                Net                Gross               Net
--------------------------------------------------------------------------------------------------------------------------------------------------------
Oil
    Fiscal Year..................  ..................  ..................  ..................  ..................  ..................  .................
    Fiscal Year--1...............  ..................  ..................  ..................  ..................  ..................  .................
    Fiscal Year--2...............  ..................  ..................  ..................  ..................  ..................  .................
Natural Gas                        ..................  ..................  ..................  ..................  ..................  .................
    Fiscal Year..................  ..................  ..................  ..................  ..................  ..................  .................
    Fiscal Year--1...............  ..................  ..................  ..................  ..................  ..................  .................
    Fiscal Year--2...............  ..................  ..................  ..................  ..................  ..................  .................
Product A                          ..................  ..................  ..................  ..................  ..................  .................
    Fiscal Year..................  ..................  ..................  ..................  ..................  ..................  .................
    Fiscal Year--1...............  ..................  ..................  ..................  ..................  ..................  .................
    Fiscal Year--2...............  ..................  ..................  ..................  ..................  ..................  .................
Suspended                          ..................  ..................  ..................  ..................  ..................  .................
    Fiscal Year..................  ..................  ..................  ..................  ..................  ..................  .................

    Fiscal Year--1...............  ..................  ..................  ..................  ..................  ..................  .................
    Fiscal Year--2...............  ..................  ..................  ..................  ..................  ..................  .................
Dry                                ..................  ..................  ..................  ..................  ..................  .................
    Fiscal Year..................  ..................  ..................  ..................  ..................  ..................  .................
    Fiscal Year--1...............  ..................  ..................  ..................  ..................  ..................  .................
    Fiscal Year--2...............  ..................  ..................  ..................  ..................  ..................  .................
                                  ----------------------------------------------------------------------------------------------------------------------
        Total....................  ..................  ..................  ..................  ..................  ..................  .................
--------------------------------------------------------------------------------------------------------------------------------------------------------

    (b) Disclose, by geographic area, for each of the last three years,
the following information:
    (1) The number of gross and net productive, suspended, and dry
exploratory wells drilled;
    (2) The number of gross and net productive, suspended, and dry
development wells drilled; and
    (3) The number of gross and net productive, suspended, and dry
extension wells drilled.
    (c) Definitions. For purposes of this Item, the following terms
shall be defined as indicated below.
    (1) A dry well is an exploratory, development, or extension well
that proves to be incapable of producing either oil or gas in
sufficient quantities to justify completion as an oil or gas well.
    (2) A productive well is an exploratory, development, or extension
well that is not a dry well.
    (3) A suspended well is a well that has neither been declared dry
nor completed for use in field operations.
    (4) Completion refers to installation of permanent equipment for
production of oil or gas, or, in the case of a dry well, to reporting
to the appropriate authority that the well has been abandoned.
    (v) The number of wells drilled refers to the number of wells
completed at any time during the fiscal year, regardless of when
drilling was initiated.
    (d) Disclose, by geographic area, for each of the last three years,
any other exploratory or development activities conducted, including
implementation of mining methods for purposes of oil and gas producing
activities.

Sec.  229.1206 (Item 1206)  Present activities.

    (a) Disclose, by geographical area, the registrant's present
activities, such as the number of wells in the process of being drilled
(including wells temporarily suspended), waterfloods in process of
being installed, pressure maintenance operations, and any other related
activities of material importance.
    (b) Provide the description of present activities as of a date at
the end of the most recent fiscal year or as close to the date that the
registrant files the document as reasonably possible.
    (c) Include only those wells in the process of being drilled at the
``as of'' date and express them in terms of both gross and net wells.
    (d) Do not include wells that the registrant plans to drill, but
has not commenced drilling unless there are factors that make such
information material.

Sec.  229.1207 (Item 1207)  Delivery commitments.

    (a) If the registrant is committed to provide a fixed and
determinable quantity of oil or gas in the near future under existing
contracts or agreements, disclose material information concerning the
estimated availability of oil and gas from any principal sources,
including the following:
    (1) The principal sources of oil and gas that the registrant will
rely upon and the total amounts that the registrant expects to receive
from each principal source and from all sources combined;
    (2) The total quantities of oil and gas that are subject to
delivery commitments; and
    (3) The steps that the registrant has taken to ensure that
available reserves and supplies are sufficient to meet such commitments
for the next one to three years.
    (b) Disclose the information required by this Item:
    (1) In a form understandable to investors; and
    (2) Based upon the facts and circumstances of the particular
situation, including, but not limited to:
    (i) Disclosure by geographic area;
    (ii) Significant supplies dedicated or contracted to the
registrant;
    (iii) Any significant reserves or supplies subject to priorities or
curtailments which may affect quantities delivered to certain classes
of customers, such as customers receiving services under low priority
and interruptible contracts;
    (iv) Any priority allocations or price limitations imposed by
Federal or State regulatory agencies, as well as other factors beyond
the registrant's control that may affect the registrant's ability to
meet its contractual obligations (the registrant need not provide
detailed discussions of price regulation);
    (v) Any other factors beyond the registrant's control, such as
other parties having control over drilling new wells, competition for
the acquisition of reserves and supplies, and the availability of
foreign reserves and supplies, which may affect the registrant's
ability to acquire additional reserves and supplies or to maintain or
increase the availability of reserves and supplies; and
    (vi) Any impact on the registrant's earnings and financing needs
resulting from its inability to meet short-term or long-term
contractual obligations. (See Items 303 and 1209 of Regulation S-K
(Sec. Sec.  229.303 and 229.1209).)
    (c) If the registrant has been unable to meet any significant
delivery commitments in the last three years, describe the
circumstances concerning such events and their impact on the
registrant.
    (d) For purposes of this Item, available reserves are estimates of
the amounts of oil and gas which the registrant can produce from
current proved developed reserves using presently installed equipment
under existing economic and operating conditions and an estimate of
amounts that others can deliver to the registrant under long-term
contracts or agreements on a per-day, per-month, or per-year basis.

Sec.  229.1208 (Item 1208)  Oil and gas properties, wells, operations,
and acreage.

    (a) Identify and describe generally the registrant's material
properties, plants, facilities, and installations:
    (1) Identify the geographic area in which they are located;

    (2) Indicate whether they are located onshore or offshore; and
    (3) Describe any statutory or other mandatory relinquishments,
surrenders, back-ins, or changes in ownership.
    (b) Provide the information specified in paragraph (c) of this Item
in tabular format as provided below:

                                  Wells
------------------------------------------------------------------------
                                               Producing wells
              Location              ------------------------------------
                                           Gross               Net
------------------------------------------------------------------------
Geographic Area A:                   .................  ................
  Oil Wells........................  .................  ................
  Natural Gas Wells................  .................  ................
    Product A Wells................  .................  ................
                                    ------------------------------------
        Total......................  .................  ................
========================================================================
Geographic Area B:                   .................  ................
  Oil Wells........................  .................  ................
  Natural Gas Wells................  .................  ................
  Product A Wells..................  .................  ................
                                    ------------------------------------
    Total..........................  .................  ................
------------------------------------------------------------------------

    (c) For oil wells and gas wells in both conventional and continuous
accumulations and for other wells for products from continuous
accumulations, disclose separately the number of the registrant's
producing wells, expressed in terms of both gross wells and net wells,
by geographic area.
    (d) To the extent the registrant is extracting hydrocarbons through
means other than wells, provide a discussion of such operations.
    (e) Provide the information specified in paragraph (f) of this Item
in tabular format as provided below:

                                                     Acreage
----------------------------------------------------------------------------------------------------------------
                                               Developed acres                       Undeveloped acres
                                  ------------------------------------------------------------------------------
                                          Gross                Net                Gross               Net
----------------------------------------------------------------------------------------------------------------
Geographic Area A................  ..................  ..................  ..................  .................
Geographic Area B................  ..................  ..................  ..................  .................
Geographic Area C................  ..................  ..................  ..................  .................
                                  ------------------------------------------------------------------------------
    Total........................  ..................  ..................  ..................  .................
----------------------------------------------------------------------------------------------------------------

    (f) Disclose, by geographic area, the registrant's total gross and
net developed acres (i.e., acres spaced or assignable to productive
wells) and undeveloped acres, including leases and concessions.
    (g) For unproved properties disclose:
    (1) The existence, nature (including any bonding requirements),
timing, and cost (specified or estimated) of any work commitments; and
    (2) By geographic area, the net area of unproved property for which
the registrant expects its rights to explore, develop, and exploit to
expire within one year.
    (h) Disclose areas of acreage concentration, and, if material, the
minimum remaining terms of leases and concessions.
    (i) Definitions. For purposes of this Item, the following terms
shall be defined as indicated:
    (1) A gross well or acre is a well or acre in which the registrant
owns a working interest. The number of gross wells is the total number
of wells in which the registrant owns a working interest. Count one or
more completions in the same bore hole as one well. In a footnote,
disclose the number of wells with multiple completions. If one of the
multiple completions in a well is an oil completion, classify the well
as an oil well.
    (2) A net well or acre is deemed to exist when the sum of
fractional ownership working interests in gross wells or acres equals
one. The number of net wells or acres is the sum of the fractional
working interests owned in gross wells or acres expressed as whole
numbers and fractions of whole numbers.
    (3) Productive wells include producing wells and wells mechanically
capable of production.
    (4) Undeveloped acreage encompasses those leased acres on which
wells have not been drilled or completed to a point that would permit
the production of economic quantities of oil or gas regardless of
whether such acreage contains proved reserves. Do not confuse
undeveloped acreage with undrilled acreage held by production under the
terms of the lease.

Sec.  229.1209 (Item 1209)  Discussion and analysis of changes, trends,
and uncertainties for registrants engaged in oil and gas activities.

    (a) Provide, either as part of Management's Discussion and Analysis
of Financial Condition and Results of Operations or in a separate
section, a discussion of:
    (1) Material changes in proved reserves and, if disclosed, probable
and possible reserves, and the sources to which such changes are
attributable, including changes made due to:
    (i) Changes in prices;
    (ii) Technical revisions; and
    (iii) Changes in the status of any concessions held (such as
terminations, renewals, or changes in provisions);
    (2) Technologies used to establish the appropriate level of
certainty for any material additions to, or increases in, reserves
estimates; and
    (3) Known trends, demands, commitments, uncertainties, and events
that have had, or are reasonably likely to have, a material effect on
the company with respect to matters including, but not limited to, the
following:
    (i) Prices and costs;
    (ii) Performance of currently producing wells, including water
production from such wells and the need to use enhanced recovery
techniques to maintain production from such wells;
    (iii) Performance of any mining-type activities for the production
of hydrocarbons;
    (iv) The registrant's recent ability to convert:
    (A) Proved undeveloped reserves to proved developed reserves;
    (B) Probable reserves to proved reserves, if disclosed; and
    (C) Possible reserves to probable or proved reserves, if disclosed;
    (v) Anticipated capital expenditures directed toward conversion of:
    (A) Proved undeveloped reserves to proved developed reserves;
    (B) Probable reserves to proved reserves, if disclosed; and
    (C) Possible reserves to probable or proved reserves, if disclosed;
    (vi) Anticipated exploratory activities, well drilling, and
production;
    (vii) The minimum remaining terms of leases and concessions;

    (viii) Material changes to any line item in the tables described in
Sec. Sec.  229.1202 through 229.1208; and
    (ix) Potential effects of different forms of rights to resources,
such as production sharing contracts, on operations.
    (b) To the extent that such discussion or analysis of material
changes, known trends, or uncertainties is directly relevant to a
particular disclosure required by Sec. Sec.  229.1202 through 229.1208,
the registrant may include such discussion or analysis in response to
the relevant section, with appropriate cross-references, rather than
including such discussion or analysis in its general response to Sec.
229.303 (Management's Discussion and Analysis of Financial Condition
and Results of Operations).

PART 249--FORMS, SECURITIES EXCHANGE ACT OF 1934

    8. The authority citation for part 249 continues to read in part as
follows:

    Authority: 15 U.S.C. 78a et seq., 7202, 7233, 7241, 7262, 7264,
and 7265; and 18 U.S.C. 1350, unless otherwise noted.
* * * * *
    9. Amend Form 20-F (referenced in Sec.  249.220f) by:
    a. Revising ``Instruction to Item 4'' and the introductory text and
paragraph (b) of ``Instructions to Item 4.D''; and
    b. Removing paragraph (c) of ``Instructions to Item 4.D'' and
``Appendix A to Item 4.D--Oil and Gas.''
    The additions and revisions read as follows:

    [Note: The text of Form 20-F does not, and this amendment
thereto will not, appear in the Code of Federal Regulations.]

Form 20-F

* * * * *
    Item 4. Information on the Company
* * * * *
    Instructions to Item 4:
    1. Furnish the information specified in any industry guide listed
in Part 9 of Regulation S-K (Sec.  229.802 of this chapter) that
applies to you.
    2. If oil and gas operations are material to your or your
subsidiaries' business operations or financial position, provide the
information specified in Subpart 1200 of Regulation S-K (Sec.  229.1200
et seq. of this chapter). If the required information is not disclosed
because a foreign government restricts the disclosure of estimated
reserves for properties under its governmental authority, or amounts
under long-term supply, purchase, or similar agreements, the registrant
shall disclose the country, cite the law or regulation which restricts
such disclosure, and indicate that the reported reserves estimates or
amounts do not include figures for the named country.
* * * * *
    Instruction to Item 4.D: In the case of an extractive enterprise,
other than an oil and gas producing activity:
* * * * *
    (b) In documents that you file publicly with the Commission, do not
disclose estimates of reserves unless the reserves are proved or
probable and do not give estimated values of those reserves, unless
foreign law requires you to disclose the information. If these types of
estimates have already been provided to any person that is offering to
acquire you, however, you may include the estimates in documents
relating to the acquisition.
* * * * *

    By the Commission.

    Dated: June 26, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-14944 Filed 7-8-08; 8:45 am]

BILLING CODE 8010-01-P


A total of 72 individual human incident cases submitted to EPA's OPP are associated with exposure to products containing OPP/ NA OPP and K OPP. These products are used as surface disinfectants and are registered by a number of registrants. Most of the reported incidences were not of serious nature. Reported incidents were for humans and animals. The observed symptoms were: burning eyes, itchy skin, difficulty in breathing, coughing, nausea, vomiting, hives, headache, swollen mouth, dizziness, burning throat, erythema, ulceration of foot, nasal irritation, corneal abrasion, vertigo, muscle, weakness, Page 52 of 60 diarrhea, ocular irritation, nose bleed, dyspnea, and tremor. These symptoms occurred by individuals through dermal and respiratory exposure, usually from a spray. The symptoms usually cleared after a few minutes or a few hours. No severe symptoms or death occurred from exposure to this chemical.

9.2 Poison Control Center A total of 22, 318 incident cases have been reported associated with exposure to phenolic disinfectants. These incident reports were recorded between 1993 through 1998 by the American Association of Poison Control Centers ( PCC) and Toxic Exposure Surveillance System ( TESS) between the years of 1993 through 1998. None of these reported incident relate to OPP or NA OPP or K OPP. Most of the incidences ( > 93%) were associated with no effects to only minor effects. It was concluded that the remaining 3 % incidents were not related to the chemical exposures. Of the total cases reported, only eleven were considered to have severe clinical effects. Death occurred in one case. The primary symptoms in the major incidences were: GI tract effect, neurotoxic signs, cardiovascular effects and respiratory effects.

9.3 California Data 1982 through 2003.

The California database does not record any OPP, NA OPP or K OPP related incidence. A total of 360 cases recorded possibly related to phenolic disinfectants use and these were submitted to the California Pesticide Illness Surveillance Program. The database presents the types of illnesses for each year, total number of workers that took time off as a result of their illness and how many were hospitalized and for how long.

9.4 National Pesticide Telecommunications Network ( NPTN)

There are no incidences reported in the NPTN database related to OPP, NA OPP or KOPP

9.5 Hazardous Substances Data Bank ( HSDB)

HSDB indicates that a fatal dose of 10.0 g reported and toxic effects on urothelium of the bladder were observed in two humans due to orthophenylphenol poisoning.

A second incident report in the scientific literature is with Microban ( 0.21 % OPP, 0.69 % diisobutylpehnoxy ethoxyethyldimethyl ammonium chloride, and 0.04% bromine). Symptoms observed were: primary skin and mucous irritation, and these were elevated on Monday and Tuesday, but the symptoms normalized by the end of the week. It was not obvious which one component caused the symptoms or if it was a combined effect of the three. Page 53 of 60 9.6 Conclusions OPP and salts appear to cause dermal effects, which is perhaps due to irritation. Inhalation is another route which shows some symptoms as indicated above. However, it is clear that all the databases and published literature show that specific chemical toxic effects can not be attributed specifically to OPP or NA OPP or K OPP only, as most of the symptoms appear in a mixture of active ingredients, one of them OPP or its salts. Page 54 of 60 10.0 References Ecotox REFERENCES ACC232113. Batchelder, T. L., and W. M. McCarty. 1977. Toxicity of Dowicide A to Daphnids. Unpublished data. Conducted by Environmental Sciences Research, Dow Chemical Co., and submitted by Dow Chemical Co.

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MRID 43928801: Eigenberg, D.; Lake, S. ( 1995): A Two Generation Dietary Reproduction Study in Sprague Dawley Rats Using Technical Grade ortho Phenylphenol: Lab Project Number: 93 672 VX: 7788. Unpublished study prepared by Bayer Corp. 1213 p. Page 58 of 60 MRID 42881901: Zempel, J. A. and J. R. Szabo ( 1993): Ortho Phenylphenol: 21 Day Repeated Dermal Dose Study of Systemic Toxicity in Fischer 344 Rats. Health and Environmental Sciences Texas, Freeport, Texas. Study ID K 001024 056.

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Comment Info: =================

General Comment:I've been a smoker for 25 years and at 2 packs a day.  I have tried the patch, gum and cold turkey..The longest I have ever been able to refrain from smoking was 1 month before the habit grabbed me back.  Thanks to the ecigarette, I have now been a non smoker for 18 months.  I now longer have congestion or coughing.  I am able to enjoy outdoor activities without getting winded and am no longer endangering my family to 2nd hand smoke.  Please consider the many former smoker's like myself who have found a way of getting tobacco out of their life.  The health benefits I feel daily are due to my alternative of smoking... A 75 day comment period is insufficient time for the vaping industry and the wider vaping community to comment on the proposed deeming regulations. I would respectfully request that the period for comment be extended to 180 days

Thank you, Julie Briggs Gwinnett County resident


The Honorable Homer Bear Chairman Sac & Fox Tribe of Mississippi in Iowa ( Meskwaki Nation) 349 Meskwaki Road Tama, IA 52339 9629 Dear Chairman Bear:

On July 18, 1997, the Environmental Protection Agency ( EPA) promulgated the National Ambient Air Quality Standard ( NAAQS) for fine particulate matter or PM 2.5. This standard addresses particulate matter less than 2.5 microns in diameter and was based on EPA's review of a number of health studies which indicate that exposure to fine particulate matter is correlated with increased mortality and serious health affects such as aggravation of lung disease, asthma attacks, and heart problems.

As a first step in the process towards implementing this new fine particulate matter standard, the EPA requests that you submit recommended designation and documentation in accordance with section 107( d)( 1)( A) of the Clean Air Act to us by February 15, 2004. Your Tribe's participation in this process is optional. The recommended area designation should be based on quality assured air quality monitoring data for calendar years 2000 to 2002. EPA may make modifications to these designations as it deems necessary. If EPA determines that a modification to a Tribe's recommendation is necessary, the EPA will notify the Tribe no later than 120 days prior to promulgating the designations. This will provide the Tribe an opportunity to demonstrate why the EPA's modification is not appropriate. EPA intends to promulgate final designations by December 15, 2004, based on the most recent available data.

We will consult with your Environmental Director in this process and offer the EPA's assistance so that their office might advise you on the designation of your reservation. We are also available to meet with you at your request. A copy of the guidance and a Fact Sheet are enclosed. The documents may also be found at the following webpage: http:// www. epa. gov/ ttn/ naaqs/ pm/ pm25_ index. html We will keep your tribe informed of any additional guidance and other support activities. Should you have any questions regarding this matter, please contact Art Spratlin, Director of the Air, RCRA, and Toxics Division, who may be contacted at ( 913) 551 7401.

Sincerely,

James B. Gulliford Regional Administrator Enclosures cc: Mr. Larry Lasley Executive Director ARTD/ APDB: cas: c:/ JROBINSON/ BEAR/ WPD/ 062403 APDB APDB CNSL ARTD OEP RGAD Robinson Tapp Patrick Spratlin Bustos Gulliford 06/ / 03 06/ / 03 06/ / 03 06/ / 03 06/ / 03 06/ / 03