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Section 56 - Petroleum Act 1998 - Extension of time in which to make licence payment — Zoe

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Petroleum Act 1998

56Extension of time in which to make licence payment

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56 Extension of time in which to make licence payment On the written application of a person made within 90 days after receiving notice that it has been granted a production licence, the Minister may extend by up to 90 days the period within which the person may pay a required amount for the licence.

Previous section55Minister may make new grant if former grant refused Next section57Minister must not issue licence unless cash bid paid