Northern Territory Consolidated Acts

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PETROLEUM ACT - SECT 10

Dealings in reserved blocks

    (1)     The Minister may, by notice in the Gazette , indicate his willingness to revoke or vary a notice under section 9(1) so that an exploration permit or licence may be granted in respect of the block to which the notice under section 9(1) relates.

    (2)     A notice under subsection (1) in relation to a block must specify:

        (a)     the class of persons who may apply for the grant of an exploration permit or licence in relation to the block;

        (b)     the conditions on which applications may be made; and

        (c)     the time within which applications may be made.

    (3)     An exploration permit or licence in relation to a block to which a notice under subsection (1) relates may be granted only to a person who has complied with the conditions specified in the notice.



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