298Retention lessee or production licensee to be notified of proposal to advertise blocks

298 Retention lessee or production licensee to be notified of proposal to advertise blocks

(a) the Minister proposes to publish a notice under section 297(1) specifying a block that is the subject of a petroleum retention lease or petroleum production licence; and

(b) at the time of the proposal, the lessee or licensee is entitled to make an application for the grant of a greenhouse gas holding lease over the block.

(2) The Minister must, at least 60 days before the proposed publication of the section 297(1) notice, notify the lessee or licensee of the proposed publication.

(3) If, during the period—

(a) beginning when the lessee or licensee is given the notification under subsection (2); and

(b) ending at the end of the day of proposed publication of the section 297(1) notice—

the lessee or licensee makes an application for the grant of a greenhouse gas holding lease over the block, the Minister must not publish the section 297(1) notice until—

(c) the application lapses; or

(d) the lessee or licensee withdraws the application; or

(e) the Minister refuses to grant the greenhouse gas holding lease or greenhouse gas injection licence.