(1)  A licensee, by the relevant date after each 12-month period ending on the anniversary of the day on which the application for the licence is granted, is to submit to the Director a report (an annual report ) in relation to that 12-month period.

(2)  The relevant date in relation to a 12-month period is –

(a) 30 days after the end of the period; or

(b) a date specified, by the Director in a notice to the licensee, as the relevant date for the purposes of this section.

(3)  The annual report is to –

(a) be in accordance with the approved form and accompanied by a statutory declaration as to its accuracy; and

(b) specify the amounts of money expended in respect of any exploration or production activities carried out during the year to which it relates; and

(c) contain a summary of the matters specified in whichever of section 187(4) or (5) applies in relation to the licence; and

(d) give details of any exploration or production activities carried out under the development plan or the field development plan, as the case may be, during the year; and

(e) give details of any proposed exploration or production activities to be carried out in the next calendar year under the development plan or the field development plan, as the case may be; and

(f) contain any other matter relating to the licence that is specified in the reporting guidelines, or by the Director by notice in writing to the holder of the licence, as being required to be contained in the report.