35Minister may give directions if petroleum discovered

35 Minister may give directions if petroleum discovered (1) If the holder of an exploration permit discovers any petroleum in the permit area, the Minister may require the holder of the permit to apply for a retention lease or a production licence in respect of the discovery. (2) Such a requirement must be made in writing and must allow the holder of the permit at least 90 days within which to make the application. (3) The Minister may only make a requirement under this section if the holder of the permit has extracted petroleum as a result of the discovery. (4) If the holder of the permit fails to comply with a requirement made under this section, the Minister may cancel the permit.