43 C.F.R. § 3210.14 How do I meet the diligent exploration requirement?
Title 43 - Public Lands: Interior
(a) During the first five years of the primary term, you only need to pay your rents. If you make efforts during these first five years that would qualify as diligent exploration expenditures, and we approve them as such during those five years, we will count them toward the requirements of future years. (b) To qualify as diligent exploration expenditures in lease years six through ten, you must make expenditures equal to the minimum amounts listed in the following table. We will apply approved expenditures which exceed the minimum in any one year to subsequent years. (c) To give you credit for your expenditures, we must receive your report no later than 60 days after the end of the lease year in which you made the expenditures. You must include the following information in your report: (1) The types of operations conducted; (2) The location of the operations; (3) When the operations occurred; (4) The amount of money spent conducting those operations; and (5) all geologic information obtained from your operations.
Title 43: Public Lands: Interior
PART 3200—GEOTHERMAL RESOURCE LEASING
Subpart 3210—Additional Lease Information
§ 3210.14 How do I meet the diligent exploration requirement?
------------------------------------------------------------------------ Expenditure Lease year per acre------------------------------------------------------------------------6.......................................................... $47.......................................................... 68.......................................................... 89.......................................................... 1010......................................................... 12------------------------------------------------------------------------
