17 CFR 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.
Terms Used In 17 CFR 229.1206
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(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.