Petroleum Act 1923

This section applies in relation to the lease described as ‘PL1’ (the lease) granted to Bridgeport Energy Pty Limited ACN 137 446 952 (the lessee).

The proposed later development plan for the lease, lodged by the lessee but not approved before the commencement, is taken to be withdrawn on the commencement.

Any relevant fee that accompanied the lodgement of the proposed later development plan must be refunded to the lessee.

Despite section 53B—

the plan period for the previous development plan is taken to be extended to—

the day that is 1 year after the day of the commencement; or

if before the day provided for under subparagraph (i), the Minister fixes a day—that day; and

the previous development plan is taken to be, and to always have been, as effective as it would have been if the plan period, as extended under paragraph (a), were stated in the previous development plan.

During the plan period for the previous development plan, as extended under subsection (4)(a), section 74Q(3)(b)(i) applies in relation to the lease as if the reference to ‘, but no more than 100,’ were omitted.

In this section—