108Renewal of petroleum exploration permit—offer document

108 Renewal of petroleum exploration permit—offer document

(1) This section applies if an application to renew a petroleum exploration permit has been made under section 102.

(2) The Minister must give the applicant a written notice (called an offer document) telling the applicant that the Minister is prepared to renew the permit if each of the following has been complied with—

(a) the conditions to which the petroleum exploration permit is, or has from time to time been, subject;

(b) the provisions of this Chapter, Chapter 4, Chapter 6 and Part 7.1;

Section 255 sets out additional requirements for offer documents (for example, a requirement that an offer document must contain a summary of conditions).

(3) The Minister may give the applicant a written notice (called an offer document) telling the applicant that the Minister is prepared to renew the permit if—

(i) the conditions to which the petroleum exploration permit is, or has from time to time been, subject; or

(b) the Minister is satisfied that there are sufficient grounds to warrant the granting of the renewal of the permit.

Section 255 sets out additional requirements for offer documents (for example, a requirement that an offer document must contain a summary of conditions).