307Retention lessee or production licensee to be notified of proposal to advertise blocks

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

(a) the Minister proposes to publish a notice under section 306(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 or a greenhouse gas injection licence over the block.

(2) The Minister must, at least 60 days before the proposed publication of the section 306(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 306(1) notice—

the lessee or licensee makes such an application, the Minister must not publish the section 306(1) notice until—

(c) the application lapses; or

(d) the lessee withdraws the application; or

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