(1) No person to whom a permit has been issued shall transfer the permit to any other location or to any other person until the following requirements have been complied with:

(a) If prior to the drilling of a well the person holding a permit desires to change the location, he shall submit another notice on Form 2 with a survey plat as specified in ARM 36.22.602. No additional permit fee is necessary if the estimated depth is to be the same as the originally intended well; but drilling shall not be started until the transfer has been approved.

(b) If, while a well is being drilled, the person holding a permit disposes of his interests in the well, he shall comply with the transfer requirements set forth in ARM 36.22.1308.