PETROLEUM (SUBMERGED LANDS) ACT 1982 - SECT 146

PETROLEUM (SUBMERGED LANDS) ACT 1982 - SECT 146

146—Ascertainment of value

For the purposes of this Act, the value at the well-head of any petroleum is such amount as is agreed between the permittee, lessee or licensee and the Minister or, in default of agreement within such period as the Minister allows, is such amount as is determined by the Minister as being that value.