Are exploration licenses and production leases of shale gas really separate things?
Our government says not to worry about seismic testing, because it is only exploration.
NB’s Oil and Gas Act – 26(3), explains how to change from exploration to production:
A license to search may be converted to a lease in its entirety at the end of the license term, if in the opinion of the Minister, all exploration commitments under the license have been met.
What this means: As long as a company spends the required amount during the phase of exploration, it is guaranteed a production lease. There is no process in between. A license to explore becomes a lease to begin extraction.
Find out whether you live within a lease area with this interactive map: http://geonb.snb.ca/ong/