Div 3Petroleum Leases

Division 3 — Petroleum Leases 55. Governor may grant petroleum lease 30 55A. Holder of license granted after 1st January 1955, may acquire certain area of land 31 56. Applications 32 58. Shape of land in petroleum lease 33 59. Term of lease 33 60. Rent of lease 33 60A. Lessee to furnish bond 34 61. On approval of application for lease, applicant may enter land 34 62. Lease instrument to be prepared and registered 35 63. Covenants and conditions of petroleum leases 35 64. Acceptance of rent not to be deemed a waiver 37 65. Forfeiture of leases 37 66. Lessee may surrender lease 38 69. Minister to have access to lease 38 70. Lessee may erect buildings and machinery on lease 38 71. Royalties 38 72. Return to be furnished 39 73. Officers may examine books, etc. 40 74. Payment of royalty: how enforced 40 75. Penalties 40 76. Exemption from labour conditions 40 77. Lessee not to drill within prescribed distance of another lease 41 78. Applications for exemption 41