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Petroleum Act 1984
10Dealings in reserved blocks
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10 Dealings in reserved blocks
(1) The Minister may, by notice in the Gazette, indicate his willingness
to revoke or vary a notice under section 9(1) so that an exploration
permit or licence may be granted in respect of the block to which
the notice under section 9(1) relates.
Petroleum Act 1984 15
(2) A notice under subsection (1) in relation to a block must specify:
(a) the class of persons who may apply for the grant of an
exploration permit or licence in relation to the block;
(b) the conditions on which applications may be made; and
(c) the time within which applications may be made.
(3) An exploration permit or licence in relation to a block to which a
notice under subsection (1) relates may be granted only to a person
who has complied with the conditions specified in the notice.