sec.333Notice of petroleum discovery

sec.333 Notice of petroleum discovery

This section applies if because of the carrying out an authorised activity for a GHG authority, its holder discovers petroleum. The holder must within 3 business days give the chief executive a notice about the discovery. The notice must give details of the discovery and any other information prescribed under a regulation. If the holder is also a petroleum tenure holder, see also the P&G Act , section 544 (Notice by petroleum tenure holder about discovery and commercial viability). (sec.333-ssec.1) This section applies if because of the carrying out an authorised activity for a GHG authority, its holder discovers petroleum. (sec.333-ssec.2) The holder must within 3 business days give the chief executive a notice about the discovery. (sec.333-ssec.3) The notice must give details of the discovery and any other information prescribed under a regulation. If the holder is also a petroleum tenure holder, see also the P&G Act , section 544 (Notice by petroleum tenure holder about discovery and commercial viability).