44Minister may require review of commercial viability

44 Minister may require review of commercial viability (1) The Minister may require the holder of a retention lease to re-evaluate the commercial viability of petroleum production in the lease area and to report to the Minister in writing the results of the re-evaluation. (2) In making such a requirement, the Minister— (a) must make the requirement by giving the holder of the lease written notice of the requirement; and (b) must allow the holder of the lease at least 90 days within which to comply with the requirement; and (c) cannot require the holder of the lease to make any wells. (3) The Minister may, on the written application of the holder of a lease, allow the holder of the lease more time within which to comply with a requirement made under this section. (4) The Minister may not make a requirement under this section if the holder of the lease has already complied with a requirement made under this section on 2 occasions in the 5 years immediately before the making of the requirement. (5) If the holder of a lease fails to comply with a requirement made under this section, the Minister may cancel the lease.