38FApplication for renewal of lease

38F Application for renewal of lease (1) A lessee may, from time to time, make an application to the Minister for the renewal of a lease. (2) An application for the renewal of a lease: manner not less than 6 months or more than 12 months before the day on which the lease ceases to be in force; in respect of the lease area; and

Petroleum (Submerged Lands) Act 1981 38 (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 (3) The Minister may, for reasons that he thinks sufficient, receive an application for the renewal of a 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 Minister 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