141Application for petroleum retention lease by the holder of a petroleum exploration permit

#### 141 Application for petroleum retention lease by the holder of a petroleum exploration permit (1) If a petroleum exploration permit is in force over a block that constitutes, or the blocks that constitute, a location, the permittee may, within the application period, apply to the Titles Administrator for the grant by the Joint Authority of a petroleum retention lease over that block or over one or more of those blocks. > Note: For application period, see subsection (3). (2) An application under this section must: (a) be in the approved form; and (b) be accompanied by any information or documents required by the form. (2A) If the approved form requires the application to be accompanied by information or documents, an application under this section is taken to be accompanied by the information or documents if the information or documents are given to the Titles Administrator before the end of the application period. > Note 1: Part 2.10 contains additional provisions about application procedures. > Note 2: Section 256 requires the application to be accompanied by an application fee. > Note 3: Section 258 enables the Titles Administrator to require the applicant to give further information. Application period (3) The application period for an application under this section is: (a) the period of 2 years after the day (the declaration day) on which the block that constitutes the location concerned was, or the blocks that constitute the location concerned were, declared to be a location; or (b) such longer period, not more than 4 years after the declaration day, as the Titles Administrator allows. (4) The Titles Administrator may allow a longer period under paragraph (3)(b) only on written application made by the permittee within the period of 2 years mentioned in paragraph (3)(a). > Note: Section 188 deals with the consequences of a failure to make an application within the application period.