6Progressive agendas: section 14 (1) (d)

6 Progressive agendas: section 14 (1) (d)

6 Progressive agendas: section 14 (1) (d)

(Former clause 6 of 2007 Reg)

(1) For the purposes of section 14 (1) (d) of the Act, if the work program supporting an application for an exploration licence or assessment lease was prepared using the 2-part format, the holder of the licence or lease must lodge another fixed agenda of operations—

(a) for a period of not less than 2 years commencing on the conclusion of the period covered by the previous fixed agenda, or

(b) for the remainder of the term of the licence or lease.

(2) That further fixed agenda must be lodged not later than 2 calendar months before the end of the initial period covered by the fixed agenda supporting the application.

(3) In the same way, further fixed agendas must be lodged, each not later than 2 calendar months before the end of the period covered by the previous agenda, until the entire term of the licence or lease is accounted for.

(4) The Minister may require that the holder of a petroleum title revise and submit a fixed agenda lodged under this clause if the Minister is of the opinion that the fixed agenda does not meet the Minister’s minimum standards with respect to the work program.

(5) It is a condition of every exploration licence or assessment lease that the holder of the licence or lease comply with any such requirement.