PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 48J

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 48J

48J .         Discovery of petroleum or geothermal energy resources to be notified

                On the discovery of petroleum or geothermal energy resources in a lease area, the lessee —

            (a)         shall forthwith inform the Minister of the discovery; and

            (b)         shall, within the period of 3 days after the date of the discovery, furnish to the Minister particulars in writing of the discovery.

        Penalty: a fine of $10 000.

        [Section 48J inserted: No. 42 of 2010 s. 30.]