Western Australian Consolidated Acts (1) If —
(a) an
application has been made under section 38A; and
(b) the
applicant has furnished any further information as and when required by the
Minister under section 38A(3); and
(c) the
Minister is satisfied that —
(i)
the area comprised in the block, or any one or more of
the blocks, specified in the application contains petroleum; and
(ii)
the recovery of petroleum from that area is not, at the
time of the application, commercially viable but is likely to become
commercially viable within the period of 15 years after that time,
the Minister shall, by
written notice served on the applicant, inform the applicant that the Minister
is prepared to grant to the applicant a lease in respect of the block or
blocks as to which the Minister is satisfied as mentioned in
paragraph (c).
(2) Where an
application has been made under section 38A and —
(a) the
applicant has not furnished any further information as and when required by
the Minister under section 38A(3); or
(b) the
Minister is not satisfied as to the matters referred to in
subsection (1)(c) in relation to the block, or all the blocks, specified
in the application,
the Minister shall, by
instrument in writing served on the applicant, refuse to grant a lease to the
applicant.
(3A) If —
(a) an
application has been made under section 38A specifying 2 or more blocks;
and
(b) the
Minister is not satisfied as mentioned in subsection (1)(c) in relation
to one or more, but not all, of the blocks,
the Minister shall, by
notice in writing served on the applicant, refuse to grant a lease to the
applicant in respect of the block or blocks as to which the Minister is not
satisfied as mentioned in subsection (1)(c).
(3) An instrument
under subsection (1) shall contain —
(a) a
summary of the conditions subject to which the lease is to be granted; and
(b) a
statement to the effect that the application will lapse if the applicant does
not make a request under subsection (4) in respect of the grant of the
lease.
(4) An applicant on
whom there has been served an instrument under subsection (1) may, within
a period of one month after the date of service of the instrument, or within
such further period, not exceeding one month, as the Minister, on application
in writing served on the Minister before the end of the first-mentioned period
of one month, allows, by instrument in writing served on the Minister, request
the Minister to grant to the applicant the lease.
(5) Where an applicant
on whom there has been served an instrument under subsection (1) has made
a request under subsection (4) within the period applicable under
subsection (4), the Minister shall grant to the applicant a retention
lease in respect of the block or blocks specified in the instrument.
(6) Where an applicant
on whom there has been served an instrument under subsection (1) has not
made a request under subsection (4) within the period applicable under
subsection (4), the application lapses upon the expiration of that
period.
(7) On the day on
which a lease granted under this section in respect of a block or blocks comes
into force, the permit in respect of the block or blocks ceases to be in force
in respect of those blocks.
[Section 38B inserted by No. 12 of 1990
s. 174; amended by No. 28 of 1994 s. 87; No. 42 of 2010
s. 92.]