PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 43E

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 43E

43E .         Term of drilling reservation

        (1)         A drilling reservation is effective from the day on which the drilling reservation is granted or such later date as is specified by the Minister.

        (2)         Subject to section 43F, a drilling reservation is effective for such period, not exceeding 3 years, as is specified by the Minister commencing from the day from which it is effective under subsection (1).

        [Section 43E inserted: No. 78 of 1990 s. 6; amended: No. 17 of 1999 s. 25.]