SCHEDULES

SCHEDULE 7 Allowance of Abortive Exploration Expenditure

1

1

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

F1a

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, F2or

F3c

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, . . . F4

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 . . . F4

3

The provisions of Schedule 5 to this Act specified in the first column of the following Table shall apply in relation to a claim under this Schedule as they apply in relation to a claim under that Schedule, subject to any modifications specified in the second column of that Table and with the substitution, for references to the responsible person, of references to the participator by whom the claim under this Schedule is made and, for references to section 3 or 4 of this Act, of references to section 5 F5or, as the case may be, section 5A F6or section 5B of this Act.

Table

Provisions applied

Modifications

Paragraph

2(6)

3(1)

Omit paragraphs (b) and (c).

5(1)

Omit the words from “or the amount” to “(1)(b) of that paragraph” and paragraph (b).

5(3)

5(4)

For the reference to all or any of the participators substitute a reference to the participator by whom the claim is made.

6(1)

For “one or both of the grounds” substitute “ the ground ”, and omit paragraph (b) and the words “or, as the case may be, claimed as so qualifying” (wherever occurring).

6(3)

Omit “sub-paragraph (1)(b) or sub-paragraph (2)”, and for the words from “the corresponding” to “itself” substitute “ the appeal ”.

7

In sub-paragraph (1), omit the words from “or qualifies” to “2(9)(b)(ii) of this Act”.

8

In sub-paragraph (2), omit the words from “or allowed by it” to “section 2(9)(b)(ii) of this Act”.

F79

F7F8In sub-paragraph (1C) omit paragraph (c). In sub-paragraph (2) omit paragraphs (b) and (c) F9omit sub-paragraph (2A), in sub-paragraph (8) for the reference to all or any of the participators substitute a reference to the participator by whom the claim is made and in sub-paragraph (11) for “after 15th March 1983” substitute “ on or after 17th March 1987 ”.