Dealings in reserved blocks
10 Dealings in reserved blocks
(1) The Minister may, by notice in the Gazette, indicate his willingness to revoke or vary a notice under section 9(1) so that an exploration permit or licence may be granted in respect of the block to which the notice under section 9(1) relates.
(2) A notice under subsection (1) in relation to a block must specify:
(a) the class of persons who may apply for the grant of an exploration permit or licence in relation to the block;
the conditions on which applications may be made; and
the time within which applications may be made.
(3) An exploration permit or licence in relation to a block to which a notice under subsection (1) relates may be granted only to a person who has complied with the conditions specified in the notice.
This Act’s bill:Second reading speech
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