47Application for licence in respect of surrendered blocks etc.

#### 47 Application for licence in respect of surrendered blocks etc. (1) Where: (a) a licence is surrendered or cancelled as to a block; or (b) a permit or lease is surrendered, cancelled or determined as to a block: (i) that, at the time of the surrender, cancellation or determination, was, or was included in, a location; and (ii) in which, in the opinion of the Joint Authority, there is petroleum; the Joint Authority may, at any subsequent time, by instrument published in the Gazette: (c) invite applications for the grant by the Joint Authority of a licence in respect of that block; and (d) specify a period within which applications may be made. (2) The Joint Authority shall, in an instrument under subsection (1), state that an applicant is required to specify an amount that the applicant would be prepared to pay in respect of the grant of a licence to the applicant on the application. (6) An application under this section: (b) shall be made in an approved manner; (c) shall be accompanied by the particulars referred to in paragraph 41(1)(c); (d) shall specify the amount that the applicant would be prepared to pay in respect of the grant of a licence to the applicant on the application; and (f) may set out any other matters that the applicant wishes to be considered. (7) The Designated Authority may, at any time, by instrument in writing served on the applicant, require him to furnish, within the period specified in the instrument, further information in connexion with his application.