Existing Federal Interest
“Existing federal interest” means
- an interest, within the meaning of section 2 of the Canada Petroleum Resources Act, in oil and gas in the Yukon Territory or the adjoining area in effect on the transfer date; or
- a production licence issued on or after the transfer date by virtue of section 23; titres fédéraux existants.
Source: Canada Oil and Gas Operations Act, R.S.C., 1985, c. O-7, Canada, current to April 29, 2013. Legislation