Northern Territory Consolidated Acts Northern Territory Consolidated ActsWhere a permittee has:
(a) by drilling operations in the permittee's exploration permit area, established the presence of petroleum;
(b) given notice, under section 64, to the Minister of the presence of the petroleum in the permittee's exploration permit area; and
(c) satisfied the Minister that the petroleum present in the permittee's exploration permit area is potentially of a commercial quality and quantity,
the permittee may apply for one or more retention licences in relation to the whole or part of the permit area.