129Nomination of blocks as a location

129 Nomination of blocks as a location

Single petroleum pool (1) If: (a) a petroleum pool is identified in a petroleum exploration permit area; and (b) the permittee or another person has, whether in or outside the permit area, recovered petroleum from the pool; the permittee may nominate, for declaration as a location: (c) if the pool extends to only one block in the permit area—that block; or (d) if the pool extends to 2 or more blocks in the permit area—those blocks. 2 or more petroleum pools (2) If: (a) 2 or more petroleum pools are identified in a petroleum exploration permit area; and (b) the permittee or another person has, whether in or outside the permit area, recovered petroleum from each of those pools; the permittee may, instead of making a nomination under subsection (1) in relation to each pool, nominate for declaration as a single location: (c) all of the blocks to which the pools extend; or (d) all of the blocks to which any 2 or more of the pools extend. (3) To be effective, a nomination under subsection (2) that relates to 2 or more pools must be such that, in the case of each of the pools, at least one of the blocks to which the pool extends immediately adjoins a block to which the other, or another, of those pools extends. (4) For the purposes of subsection (3), a block immediately adjoins another block if the graticular section that constitutes or includes that block and the graticular section that constitutes or includes that other block: (a) have a side in common; or (b) are joined together at one point only. Form of nomination (5) A nomination under this section must be: (a) in writing; and (b) given to the Joint Authority.