Section 5

Related Commentary  

1(1)  A claim for the allowance, in connection with an oil field,

(a)of any abortive exploration expenditure allowable under section 5 of this Act, or

(b)of any exploration and appraisal expenditure allowable under section 5A of this Act, or

(c)of any research expenditure allowable under section 5B of this Act

in the case of a participator in that field must be made by the participator to the Board.

1(2)  Where a claim under this Schedule has been made and the participator by whom it was made subsequently discovers that an error or mistake has been made in the claim, he may make a supplementary claim.

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