sec.95Application of div 7

### sec.95 Application of div 7 This division applies if the Minister reasonably considers the holder of an authority to prospect should apply for a petroleum lease for all or part of the area of the authority because— petroleum production in the area— is currently commercially viable; or is likely to become commercially viable within 2 years; or a natural underground reservoir in the area is, or is likely to have, commercial storage potential. - (a) petroleum production in the area— (i) is currently commercially viable; or (ii) is likely to become commercially viable within 2 years; or - (i) is currently commercially viable; or - (ii) is likely to become commercially viable within 2 years; or - (b) a natural underground reservoir in the area is, or is likely to have, commercial storage potential. - (i) is currently commercially viable; or - (ii) is likely to become commercially viable within 2 years; or