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(a) The commissioner will, in the commissioner's discretion, audit expenditures by inspecting all reports and other information filed in support of or relating to direct exploration expenditures, whether or not that information is confidential. The commissioner will hold confidential information that qualifies as such, in accordance with AS 38.05.035 (a)(9)(C) and (a)(9)(D).
(b) The commissioner will, in the commissioner's discretion, require additional information regarding a licensee's direct exploration expenditures, reports, data, or other information relevant to the drilling of an oil and gas exploration well or the gathering of geologic or geophysical data. The commissioner will, in the commissioner's discretion, terminate a license if the licensee fails to provide the information in the time specified by the commissioner.
History: Eff. 9/22/95, Register 135
Authority: AS 38.05.131
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Last modified 7/05/2006