CTHRepealedAct
Petroleum (Submerged Lands) Act 1967
50Grant of licence on request
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#### 50 Grant of licence on request
Where an applicant on whom there has been served an instrument under section 49:
(a) has made a request under subsection 49(6); and
(b) if the instrument contains a statement of the balance of an amount that the applicant will be required to pay in respect of the grant of a licence to him—has paid that balance;
within the period applicable under subsection 49(6), the Joint Authority shall grant to him a production licence for petroleum in respect of the block specified in the instrument.