93Application for cash‑bid petroleum exploration permit

93 Application for cash‑bid petroleum exploration permit

(a) invite applications by way of cash bidding for the grant by the Minister of a petroleum exploration permit over the block or blocks specified in the notice; and

(2) If the Minister has published a notice under section 86(1) inviting applications for the grant of a petroleum exploration permit over a block, the block must not be specified in a notice under subsection (1) of this section at any time during the period specified in the section 86(1) notice.

Section 86(1) deals with work‑bid petroleum exploration permits.

(3) A notice under subsection (1) must—

(a) state whether the permit is able to be renewed; and

(b) contain a summary of the conditions to which the permit will be subject; and

(c) specify the matters that the Minister will take into account in deciding whether to reject an application.

(4) If a notice under subsection (1) specifies more than one block, those blocks must be constituted by graticular sections that—

(b) are such that each graticular section in that area has a side in common with at least one other graticular section in that area.

(5) If a notice under subsection (1) specifies more than one block, an application under this section must be for a petroleum exploration permit over all of the specified blocks.

(6) An application under this section must—