37Rights conferred by lease

37 Rights conferred by lease A retention lease authorises the holder of the lease, subject to and in accordance with the conditions of the lease— (a) to carry out petroleum exploration in the lease area; and (b) to do any thing in the lease area that is necessary for, or incidental to, that purpose; and (c) to retain a right to apply for a production licence in respect of the lease area under Division 2 of Part 5 without complying with any requirement that there might otherwise be under this Act to carry out a work program in respect of the area. S. 38 amended by No. 25/2008 s. 21 (ILA s. 39B(1)).