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This is a Bill, not an Act. For current law, see the Acts databases.


ACTS AMENDMENT (MINING AND PETROLEUM) BILL 1998

                               Western Australia



                          LEGISLATIVE COUNCIL




     Acts Amendment (Mining and Petroleum)
                  Bill 1998
                                   A Bill for


    An Act to amend the --
        · Mining Act 1978;
        · Petroleum Act 1967; and
5       · Petroleum (Submerged Lands) Act 1982,
    and for related purposes.



    The Parliament of Western Australia enacts as follows:




                                    41--1
    Acts Amendment (Mining and Petroleum) Bill 1998
    Part 1     Preliminary

    s. 1



                           Part 1 -- Preliminary
    1.       Short title
             This Act may be cited as the Acts Amendment (Mining and
             Petroleum) Act 1998.

5   2.       Commencement
             The provisions of this Act come into operation on such day as
             is, or days as are respectively, fixed by proclamation.




    page 2
                                    Acts Amendment (Mining and Petroleum) Bill 1998
                                       Amendments to Mining Act 1978         Part 2

                                                                                       s. 3



                    Part 2 -- Amendments to Mining Act 1978
     3.              The Act amended
                     The amendments in this Part are to the Mining Act 1978*.
                     [* Reprinted as at 27 February 1996.
 5                      For subsequent amendments see 1997 Index to Legislation of
                        Western Australia, Table 1, pp. 156-7 and Acts Nos. 31 of
                        1997 and 10 of 1998.]

     4.              Section 26 amended
          (1)        Section 26(1)(d) is amended as follows:
10                    (a) by inserting after "Minister" --
                             "
                                    , within such period as the Minister specifies in
                                    writing,
                                                                                         ";
15                    (b)    by deleting "in accordance with section 126".
          (2)        After section 26(1) the following subsection is inserted --
                "
                    (1a)    A security referred to in subsection (1)(d) shall be in
                            accordance with and subject to section 126.
20                                                                                       ".

     5.              Section 49 amended
                     After section 49(2) the following subsections are inserted --
                "
                     (3)    If, after an application is made under subsection (1) in
25                          respect of land the subject of a prospecting licence --
                               (a) the holder of the licence transfers the licence;
                                     or

                                                                                   page 3
     Acts Amendment (Mining and Petroleum) Bill 1998
     Part 2      Amendments to Mining Act 1978

     s. 6



                            (b)    where there are 2 or more holders of the
                                   licence, a holder transfers the holder's interest
                                   in the licence,
                           the application continues in the name of the transferee
 5                         of the licence or interest as if the transferee were the
                           applicant or one of the applicants, as the case requires.
                     (4)   For the purposes of subsection (3), where there are 2 or
                           more transferees of the prospecting licence, each of the
                           transferees is to be regarded as an applicant for an
10                         interest in the relevant mining lease or general purpose
                           lease that corresponds to the interest held by that
                           transferee in the licence.
                                                                                       ".

     6.              Section 52 amended and consequential amendments
15        (1)        After section 52(1) the following subsection is inserted --
                "
                    (1a)   The Minister may require the holder of a prospecting
                           licence to lodge at the office of the mining registrar or
                           the Department at Perth, within such period as the
20                         Minister specifies in writing, an additional security for
                           compliance with conditions imposed in relation to the
                           licence under section 46A.
                                                                                       ".
          (2)        Section 52(2) is amended by inserting after "subsection (1)" --
25                   " or (1a)    ".
          (3)        Section 92 is amended as follows:
                      (a) by deleting "and 47" and inserting instead --
                            " , 47 and 52(1a) ";


     page 4
                                        Acts Amendment (Mining and Petroleum) Bill 1998
                                           Amendments to Mining Act 1978         Part 2

                                                                                            s. 7



                      (b)        by deleting "an application for the grant of";
                      (c)        by deleting "sections" and inserting instead --
                                 " provisions ".
          (4)        Section 96(2) is amended as follows:
 5                    (a) by deleting "or" after paragraph (b);
                      (b) after paragraph (ba) by inserting --
                            "
                                (bb)    any requirement under section 52(1a) is not
                                        complied with; or
10                                                                                            ".

     7.              Section 60 amended and consequential amendment
          (1)        After section 60(1) the following subsection is inserted --
                "
                    (1a)        The Minister may require the holder of an exploration
15                              licence to lodge at the office of the mining registrar or
                                the Department at Perth, within such period as the
                                Minister specifies in writing, an additional security for
                                compliance with conditions imposed in relation to the
                                licence under section 63AA.
20                                                                                            ".
          (2)        Section 60(2) is amended by inserting after "subsection (1)" --
                     " or (1a)         ".
          (3)        After section 63A(a) the following paragraph is inserted --
                            "
25                              (aa)    any requirement under section 60(1a) in
                                        relation to the exploration licence is not
                                        complied with;
                                                                                              ".

                                                                                      page 5
     Acts Amendment (Mining and Petroleum) Bill 1998
     Part 2      Amendments to Mining Act 1978

     s. 8



     8.         Section 61 amended
                After section 61(3) the following subsection is inserted --
            "
                (4)   If the holder of an exploration licence transfers the
 5                    licence after making an application for the extension of
                      the term of the licence under subsection (2), the
                      application continues in the name of the transferee of
                      the licence as if the transferee had made it.
                                                                                   ".

10   9.         Section 67 amended
                After section 67(2) the following subsections are inserted --
            "
                (3)   If, after an application is made under subsection (1) in
                      respect of land the subject of an exploration licence --
15                       (a) the holder of the licence transfers the licence;
                               or
                        (b) where there are 2 or more holders of the
                               licence, a holder transfers the holder's interest
                               in the licence,
20                    the application continues in the name of the transferee
                      of the licence or interest as if the transferee were the
                      applicant or one of the applicants, as the case requires.
                (4)   For the purposes of subsection (3), where there are 2 or
                      more transferees of the exploration licence, each of the
25                    transferees is to be regarded as an applicant for an
                      interest in the relevant mining lease or general purpose
                      lease that corresponds to the interest held by that
                      transferee in the licence.
                                                                                   ".


     page 6
                                     Acts Amendment (Mining and Petroleum) Bill 1998
                                        Amendments to Mining Act 1978         Part 2

                                                                                      s. 10



     10.             Section 70C amended
                     After section 70C(6) the following subsections are inserted --
                 "
                     (7)     If, after an application is made under subsection (1) in
 5                           respect of land the subject of a primary tenement --
                                (a) the holder of the tenement transfers the
                                      tenement; or
                               (b) where there are 2 or more holders of the
                                      tenement, a holder transfers the holder's
10                                    interest in the tenement,
                             the application continues in the name of the transferee
                             of the tenement or interest as if the transferee were the
                             applicant or one of the applicants, as the case requires.
                     (8)     For the purposes of subsection (7), where there are 2 or
15                           more transferees of the primary tenement, each of the
                             transferees is to be regarded as an applicant for an
                             interest in the relevant retention licence that
                             corresponds to the interest held by that transferee in the
                             primary tenement.
20                                                                                        ".

     11.             Section 70E amended
           (1)       Section 70E(3) is amended by deleting "Where an application
                     for the renewal of a retention licence is made by the holder of
                     the licence" and inserting instead --
25                   "     If an application for renewal is made under this section      ".




                                                                                   page 7
     Acts Amendment (Mining and Petroleum) Bill 1998
     Part 2      Amendments to Mining Act 1978

     s. 12



           (2)       After section 70E(3) the following subsection is inserted --
                 "
                     (4)   If the holder of a retention licence transfers the licence
                           after making an application for renewal under this
 5                         section, the application continues in the name of the
                           transferee of the licence as if the transferee had made
                           it.
                                                                                        ".

     12.             Section 70IA inserted and consequential amendments
10         (1)       After section 70I the following section is inserted --
     "
             70IA.         Programme of work
                     (1)   On the granting of a retention licence, or at any
                           subsequent time, the Minister may impose on the
15                         holder of the licence a condition requiring the holder to
                           comply with a specified programme of work in respect
                           of the land the subject of the licence within a specified
                           period.
                     (2)   Before imposing a condition under subsection (1), the
20                         Minister may require the applicant for the licence or
                           the holder of the licence, as the case requires, to submit
                           to the Minister a draft programme of work in a form
                           approved by the Minister and the applicant or the
                           holder, as the case requires, shall comply with that
25                         requirement.
                     (3)   Subsections (2) and (3) of section 70I apply to a
                           condition imposed under subsection (1) as if it were a
                           condition imposed under that section.




     page 8
                                       Acts Amendment (Mining and Petroleum) Bill 1998
                                          Amendments to Mining Act 1978         Part 2

                                                                                        s. 13



                     (4)       In subsection (1) --
                               "specified" means specified in writing by the Minister.
                                                                                            ".
           (2)       Section 70H(1)(c) is deleted.
 5         (3)       Section 70H(2) is amended by deleting paragraph (a) and the
                     "or" after that paragraph.
           (4)       Section 70K(b)(ii) is amended by inserting after "70I" --
                     " or 70IA ".
           (5)       Section 70L(1)(b) is deleted and the following paragraph is
10                   inserted instead --
                           "
                                (b)    subject to satisfactory compliance with any
                                       conditions imposed under section 70I or 70IA;
                                                                                            ".

15   13.             Section 70L amended
                     After section 70L(2) the following subsections are inserted --
                 "
                     (3)       If, after an application is made under subsection (1) in
                               respect of land the subject of a retention licence --
20                                (a) the holder of the licence transfers the licence; or
                                 (b) where there are 2 or more holders of the
                                        licence, a holder transfers the holder's interest
                                        in the licence,
                               the application continues in the name of the transferee
25                             of the licence or interest as if the transferee were the
                               applicant or one of the applicants, as the case requires.



                                                                                       page 9
     Acts Amendment (Mining and Petroleum) Bill 1998
     Part 2      Amendments to Mining Act 1978

     s. 14



                     (4)     For the purposes of subsection (3), where there are 2 or
                             more transferees of the retention licence, each of the
                             transferees is to be regarded as an applicant for an
                             interest in the relevant mining lease or general purpose
 5                           lease that corresponds to the interest held by that
                             transferee in the licence.
                                                                                           ".

     14.             Section 78 amended
           (1)       Section 78(3) is amended by deleting "Where an application for
10                   the renewal of a mining lease is made by the holder of the lease"
                     and inserting instead --
                     "     If an application for renewal is made under this section      ".
           (2)       After section 78(3) the following subsection is inserted --
                 "
15                   (4)     If, after an application for renewal is made under this
                             section --
                                (a) the holder of the mining lease transfers the
                                      lease; or
                               (b) where there are 2 or more holders of the mining
20                                    lease, a holder transfers the holder's interest in
                                      the lease,
                             the application continues in the name of the transferee
                             of the lease or interest as if the transferee were an
                             applicant or one of the applicants, as the case requires.
25                                                                                         ".




     page 10
                               Acts Amendment (Mining and Petroleum) Bill 1998
                                  Amendments to Mining Act 1978         Part 2

                                                                                  s. 15



     15.         Section 84A inserted and consequential amendment
           (1)   After section 84 the following section is inserted --
     "
             84A.      Security relating to mining lease
 5               (1)   The Minister may require the holder of a mining lease
                       to lodge at the office of the mining registrar or the
                       Department at Perth, within such period as the Minister
                       specifies in writing, a security for compliance with
                       conditions imposed in relation to the lease under
10                     section 84.
                 (2)   A security referred to in subsection (1) shall be in
                       accordance with and subject to section 126.
                                                                                     ".
           (2)   Section 82(1)(g) is amended by inserting after "the lease" in the
15               second place where it occurs the following --
                 "
                       , if he fails to comply with any requirement under
                       section 84A(1) in relation to the lease
                                                                                     ".

20   16.         Section 86 amended
           (1)   Section 86(3) is amended by inserting after "10 hectares" --
                 "
                       , unless the Minister is satisfied that a larger area of
                       land is required for the purposes of the lease,
25                                                                                   ".




                                                                              page 11
     Acts Amendment (Mining and Petroleum) Bill 1998
     Part 2      Amendments to Mining Act 1978

     s. 17



           (2)       After section 86(4) the following subsection is inserted --
                 "
                     (5)   An application for the grant of a general purpose lease
                           in respect of an area of land which exceeds 10 hectares
 5                         shall be accompanied by a statement specifying the
                           reasons why such an area of land is required for the
                           purposes of the lease.
                                                                                     ".

     17.             Section 88 amended
10         (1)       Section 88(2) is repealed and the following subsection is
                     inserted instead --
                 "
                     (2)   Notwithstanding subsection (1), on receipt of an
                           application made in the prescribed manner during the
15                         final year of the term of the lease, the Minister --
                             (a) shall renew the term of the lease as to the whole
                                   of the land the subject of the lease --
                                      (i) for one further period of 21 years; and
                                     (ii) on the terms and conditions to which the
20                                         lease was subject before its renewal;
                                   and
                             (b) may, in the case of a lease renewed under
                                   paragraph (a), renew or further renew the term
                                   of the lease as to the whole or any part of the
25                                 land the subject of the lease --
                                      (i) for a period not exceeding 21 years; and
                                     (ii) on such terms and conditions as the
                                           Minister thinks fit.
                                                                                     ".


     page 12
                                            Acts Amendment (Mining and Petroleum) Bill 1998
                                               Amendments to Mining Act 1978         Part 2

                                                                                          s. 18



           (2)       After section 88(3) the following subsection is inserted --
                 "
                     (4)       If, after an application for renewal is made under this
                               section --
 5                                (a) the holder of the general purpose lease transfers
                                        the lease; or
                                 (b) where there are 2 or more holders of the general
                                        purpose lease, a holder transfers the holder's
                                        interest in the lease,
10                             the application continues in the name of the transferee
                               of the lease or interest as if the transferee were an
                               applicant or one of the applicants, as the case requires.
                                                                                              ".

     18.             Section 90 amended
15                   Section 90 is amended by inserting after "84," --
                     "     84A,        ".
     19.             Section 126 amended
           (1)       Section 126(1) is amended as follows:
                      (a) by deleting "or 70F" and inserting instead --
20                          " , 70F or 84A; ";
                      (b) by deleting paragraphs (a), (b) and (c) and inserting
                            instead --
                           "
                                 (a)        shall be for such amount --
25                                            (i) in the case of a security referred to in
                                                    section 26, 52(1a), 60(1a), 70F or 84A,
                                                    as the Minister in a particular case


                                                                                        page 13
     Acts Amendment (Mining and Petroleum) Bill 1998
     Part 2      Amendments to Mining Act 1978

     s. 19



                                        approves (including any variation of
                                        that amount under subsection (1a)); or
                                  (ii) in the case of a security referred to in
                                        section 52(1) or 60(1), as is prescribed
 5                                      or as the Minister in a particular case
                                        approves;
                          (b)   shall be in the prescribed form or such other
                                form as the Minister in a particular case
                                approves; and
10                        (c)   may, subject to the approval of the Minister, be
                                by bond or such other method as the Minister
                                allows, or be partly by bond and partly by such
                                other method as the Minister allows.
                                                                                    ".
15      (2)        After section 126(1) the following subsection is inserted --
              "
                  (1a)   The Minister may by instrument in writing vary an
                         amount approved under subsection (1)(a)(i).
                                                                                    ".
20      (3)        Section 126(7) is repealed and the following subsection is
                   inserted instead --
              "
                   (7)   The Minister may discharge, in whole or in part, a
                         security given under this section --
25                         (a) on receipt of an application in writing by the
                                 person subscribing to the security accompanied
                                 by evidence satisfactory to the Minister showing
                                 cause why the security should be discharged; or
                           (b) on the Minister's own initiative, if the Minister
30                               considers it appropriate to do so.
                                                                                    ".

     page 14
                                      Acts Amendment (Mining and Petroleum) Bill 1998
                                      Amendments to Petroleum Act 1967         Part 3

                                                                                       s. 20



                 Part 3 -- Amendments to Petroleum Act 1967
     20.          The Act amended
                  The amendments in this Part are to the Petroleum Act 1967*.
                  [* Reprinted as at 17 December 1992.
 5                   For subsequent amendments see 1997 Index to Legislation of
                     Western Australia, Table 1, p. 177 and Act No. 31 of 1997.]

     21.          Section 5 amended
                  Section 5(1) is amended in the definition of "Crown land" as
                  follows:
10                  (a) by deleting paragraph (a);
                    (b) by deleting paragraph (d) and inserting instead --
                            "
                                (d)   any land reserved, declared or otherwise
                                      dedicated under the Land Administration
15                                    Act 1997 or any other written law;
                                                                                          ";
                      (c)       in paragraph (e) by inserting before "State" --
                                " without limiting paragraph (d), ";
                      (d)       by deleting paragraphs (f) and (g).

20   22.          Section 15 amended and consequential amendments
           (1)    Section 15(1) is amended by inserting after "Subject to this
                  Act" --
                  "    and to any condition referred to in section 91B(2)         ".
           (2)    Section 15(2), (3) and (4) are repealed.
25         (3)    Section 28A(2) is repealed.
           (4)    Section 152 is repealed.

                                                                                   page 15
     Acts Amendment (Mining and Petroleum) Bill 1998
     Part 3      Amendments to Petroleum Act 1967

     s. 23



     23.         Section 15A inserted and saving provision
           (1)   After section 15 the following section is inserted --
     "
             15A.      Consent of Minister required for entry on reserves
 5                     for purposes of exploration, etc.
                 (1)   A permittee, holder of a drilling reservation, access
                       authority or special prospecting authority, lessee or
                       licensee shall not enter upon any land that is --
                          (a) comprised in the permit, drilling reservation,
10                             access authority, special prospecting authority,
                               lease or licence of which he is the holder; and
                         (b) reserved, declared or otherwise dedicated under
                               the Land Administration Act 1997 or any other
                               written law,
15                     for the purpose of --
                         (c) exploring for petroleum; or
                         (d) carrying out operations for the recovery of
                               petroleum,
                       unless the consent in writing of the Minister has been
20                     first obtained.
                 (2)   Consent may be given for the purposes of
                       subsection (1) subject to the inclusion in the permit,
                       drilling reservation, access authority, special
                       prospecting authority, lease or licence of such
25                     conditions as the Minister thinks fit and specifies in the
                       consent.
                 (3)   Before giving consent for the purposes of
                       subsection (1), the Minister shall consult with the
                       responsible Minister and obtain that Minister's


     page 16
                         Acts Amendment (Mining and Petroleum) Bill 1998
                         Amendments to Petroleum Act 1967         Part 3

                                                                           s. 23



                 recommendations on the conditions, if any, which
                 should be included in the permit, drilling reservation,
                 access authority, special prospecting authority, lease or
                 licence.
 5         (4)   Without limiting subsection (2), the Minister may
                 specify in the consent conditions for the purpose of
                 ensuring, so far as is practicable, that any operations
                 carried out on the land under the authority of the
                 permit, drilling reservation, access authority, special
10               prospecting authority, lease or licence are carried out in
                 such a manner as to minimize the risk of damage to any
                 native fauna or flora on the land.
           (5)   The responsible Minister for the purposes of
                 subsection (3) is the Minister responsible for the
15               administration of the land or the written law under
                 which the land is reserved, declared or dedicated, and if
                 any question arises as to who is the responsible
                 Minister under subsection (3), the question is to be
                 determined by the Governor whose decision is final.
20         (6)   Nothing in this section limits or otherwise affects the
                 operation of sections 13A(3) and 13B(9) of the
                 Conservation and Land Management Act 1984.
                                                                              ".
     (2)   Section 15A as inserted into the Petroleum Act 1967 by
25         subsection (1) does not prohibit operations being carried out
           under the authority of --
             (a) a relevant licence on land that immediately before the
                   commencement of section 22 was declared under
                   section 15(2) of that Act to be Crown land and land to
30                 which that Act applied; or
             (b) the Barrow Island lease.


                                                                      page 17
     Acts Amendment (Mining and Petroleum) Bill 1998
     Part 3      Amendments to Petroleum Act 1967

     s. 24



           (3)        In subsection (2) --
                      "Barrow Island lease" has the meaning given in section 128 of
                           the Petroleum Act 1967;
                      "relevant licence" means a production licence for petroleum in
 5                         force under Part III of the Petroleum Act 1967 immediately
                           before the commencement of this section.

     24.              Section 16 amended
                      Section 16(1) is repealed and the following subsections are
                      inserted instead --
10               "
                      (1)   A permittee, holder of a drilling reservation, access
                            authority or special prospecting authority, lessee or
                            licensee shall not enter upon any land to which this
                            section applies for the purpose of --
15                             (a) exploring for petroleum; or
                              (b) carrying out operations for the recovery of
                                    petroleum,
                            unless the consent in writing of the owner or trustees,
                            as the case may be, of the land has been first obtained.
20                   (1a)   This section applies to land that is comprised in the
                            permit, drilling reservation, access authority, special
                            prospecting authority, lease or licence and is --
                              (a) private land not exceeding 2 000 square metres
                                    in extent;
25                            (b) used as a cemetery or burial place; or
                              (c) less than 150 metres in lateral distance from
                                    any cemetery or burial place, reservoir or any
                                    substantial improvement.
                                                                                       ".


     page 18
                                    Acts Amendment (Mining and Petroleum) Bill 1998
                                    Amendments to Petroleum Act 1967         Part 3

                                                                                     s. 25



     25.              Section 43E amended
                      Section 43E(2) is amended by deleting "a period of 12 months"
                      and inserting instead --
                      "
 5                          such period, not exceeding 3 years, as is specified by
                            the Minister
                                                                                        ".

     26.              Section 43F amended and transitional provision
           (1)        Section 43F(2) is amended by deleting "that is satisfactory".
10         (2)        After section 43F(2) the following subsection is inserted --
                 "
                     (2a)   An extension of the period for which a drilling
                            reservation is effective shall not be granted if that
                            period has previously been extended under this section.
15                                                                                      ".
           (3)        Section 43F(3)(a) is deleted.
           (4)        Section 43F(5) is repealed and the following subsection is
                      inserted instead --
                 "
20                    (5)   Subject to subsections (2) and (2a), where --
                             (a) an application has been made under
                                   subsection (1); and
                             (b) the conditions to which the drilling reservation
                                   is, or has from time to time been, subject, and
25                                 the provisions of this Part and the regulations,
                                   have been complied with,
                            the Minister shall grant an extension of a drilling
                            reservation for a period of 12 months commencing


                                                                                  page 19
     Acts Amendment (Mining and Petroleum) Bill 1998
     Part 3      Amendments to Petroleum Act 1967

     s. 27



                       from the expiration of the period for which the drilling
                       reservation is effective.
                                                                                   ".
           (5)   Despite the amendments made by this section, section 43F of
 5               the Petroleum Act 1967 continues to apply to and in relation to
                 the extension of a drilling reservation in force on the
                 commencement of this section.

     27.         Section 91B inserted
                 After section 91A the following section is inserted --
10   "
             91B.      Conditions prohibiting entry on certain land
                 (1)   In this section --
                       "holder" means the holder of the permit, drilling
                            reservation, lease or licence.
15               (2)   The conditions subject to which a permit, drilling
                       reservation, lease or licence is granted may include a
                       condition prohibiting the holder from entering
                       specified land within the permit area, drilling
                       reservation, lease area or licence area.
20               (3)   The Minister may, at any time, by instrument in writing
                       served on the holder, vary or revoke a condition
                       referred to in subsection (2).
                                                                                   ".




     page 20
                            Acts Amendment (Mining and Petroleum) Bill 1998
           Amendments to Petroleum (Submerged Lands) Act 1982        Part 4

                                                                                 s. 28



           Part 4 -- Amendments to Petroleum (Submerged
                         Lands) Act 1982
     28.       The Act amended
               The amendments in this Part are to the Petroleum (Submerged
 5             Lands) Act 1982*.
               [* Reprinted as at 24 March 1992.
                  For subsequent amendments see 1997 Index to Legislation of
                  Western Australia, Table 1, p. 178.]
     29.       Section 124 amended
10             Section 124 is amended as follows:
                 (a) after paragraph (c) by deleting "or";
                 (b) after paragraph (d) by deleting the comma and inserting --
                   "
                                ; or
15                       (e)   the enjoyment of native title rights and interests
                               (within the meaning of the Native Title
                               Act 1993 of the Commonwealth),
                                                                                    ".
     30.       Section 127 replaced
20             Section 127 is repealed and the following section is inserted
               instead --
     "
            127.       Property in petroleum
                       Subject to this Act, if petroleum is recovered by a
25                     permittee, lessee or licensee in the permit area, lease
                       area or licence area --
                         (a) the petroleum becomes the property of the
                               permittee, lessee or licensee; and

                                                                            page 21
    Acts Amendment (Mining and Petroleum) Bill 1998
    Part 4      Amendments to Petroleum (Submerged Lands) Act 1982

    s. 30



                   (b)   it is not subject to any rights of other persons
                         (other than any person to whom the permittee,
                         lessee or licensee transfers, assigns or otherwise
                         disposes of the petroleum or an interest in the
5                        petroleum).
                                                                              ".




    page 22

 


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