149Refusal to grant petroleum retention lease

#### 149 Refusal to grant petroleum retention lease (1) This section applies if an application for a petroleum retention lease has been made under section 147. (2) If the Joint Authority is not satisfied as to the matters referred to in paragraph 148(b) in relation to the unused area, the Joint Authority must, by written notice given to the applicant, refuse to grant a petroleum retention lease to the applicant. > Note: Consultation procedures apply—see section 262. (3) If the Joint Authority is not satisfied as to the matter in paragraph 148(c), the Joint Authority must, by written notice given to the applicant, refuse to grant a petroleum retention lease to the applicant. > Note: Consultation procedures apply—see section 262. (4) If the Joint Authority is not satisfied of the matters (if any) prescribed by the regulations for the purposes of paragraph 148(d), the Joint Authority may, by written notice given to the applicant, refuse to grant a petroleum retention lease to the applicant. > Note: Consultation procedures apply—see section 262.