Notification as to grant of licence
42 Notification as to grant of licence
Where an application for the grant of a licence has been made under section 39 or 39A and the applicant has furnished any further information as and when required by the Minister under section 40(2), the Minister, by instrument in writing served on the applicant, must inform the applicant that the Minister is prepared to grant to the applicant a licence in respect of the blocks specified in the application.
An instrument under subsection (1) shall—
contain a summary of the conditions subject to which the licence is to be granted; and
if the instrument relates to an application for a secondary licence—specify the rate of royalty determined by the Minister in pursuance of section 41(1); and
contain a statement to the effect that the application will lapse if the applicant does not make a request under section 43(1) in respect of the grant of the licence.
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