38FApplication for renewal of lease

#### 38F Application for renewal of lease (1) A lessee may, from time to time, make an application to the Designated Authority for the renewal by the Joint Authority of the lease. (2) An application for the renewal of a lease: (b) subject to subsection (3), shall be made in an approved manner not less than 6 months or more than 12 months before the day on which the lease ceases to be in force; (c) shall be accompanied by particulars of: (i) the proposals of the applicant for work and expenditure in respect of the lease area; and (ii) particulars of the commercial viability of recovery of petroleum from the lease at the time of the application and particulars of the possible future commercial viability of recovery of petroleum from the lease area; and (d) shall be accompanied by the prescribed fee. (3) The Designated Authority may, for reasons that the Designated Authority thinks sufficient, receive an application for the renewal of the lease less than 6 months before, but not in any case after, the day on which the lease ceases to be in force. (4) Where an application has been made for the renewal of a lease, the Designated Authority may, at any time, by instrument in writing served on the lessee, require the lessee to furnish, within the time specified in the instrument, further information in writing in connection with the application.