15 C.F.R. § 970.2401
Definitions.
Cite as 15 C.F.R. § 970.2401 (2026)
(a)
Engage in exploration
means:
(1) To cause or authorize exploration to occur, including but not limited to a person's actions as a sponsor, principal, or purchaser of exploration services; or
(2) To conduct exploration on behalf of a person described in paragraph (a)(1) of this section.
(b) [Reserved]
[45 FR 76662, Nov. 20, 1980, as amended at 47 FR 5966, Feb. 9, 1982]