31Entitlement to apply for retention licence

31 Entitlement to apply for retention licence Where a permittee has: (a) by drilling operations in the permittee's exploration permit area, established the presence of petroleum; (b) given notice, under section 64, to the Minister of the presence of the petroleum in the permittee's exploration permit area; and (c) satisfied the Minister that the petroleum present in the permittee's exploration permit area is potentially of a commercial quality and quantity, the permittee may apply for one or more retention licences in relation to the whole or part of the permit area.