PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 60

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 60

60 .         Grant of licence on request

                Where an applicant on whom there has been served an instrument under section 59 —

            (a)         has made a request under subsection (6) of that section; and

            (b)         if the instrument contains a statement of the balance of an amount that the applicant will be required to pay in respect of the grant of a licence to the applicant — has paid that balance,

                within the period applicable under section 59(6), the Minister shall grant to him a petroleum production licence or geothermal production licence, as the case requires, in respect of the block specified in the instrument.

        [Section 60 amended: No. 28 of 1994 s. 31; No. 35 of 2007 s. 52; No. 42 of 2010 s. 39.]