PETROLEUM (ONSHORE) ACT 1991 - SECT 37
Direction to holder of assessment lease to apply for production lease
PETROLEUM (ONSHORE) ACT 1991 - SECT 37
Direction to holder of assessment lease to apply for production lease
37 Direction to holder of assessment lease to apply for production lease
(1)
The Minister may, by instrument in writing, direct the holder of an assessment
lease to apply, within such period as may be specified in the direction, for a
production lease in respect of so much of the land comprised in the assessment
lease as is so specified.
(2) If the holder of an assessment lease does not
apply for a production lease in accordance with directions given under this
section, the Minister may cancel the assessment lease.
Note : Section 22 (4)
specifies the time at which cancellation of a petroleum title (which includes
an assessment lease) takes effect.
