Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe following is a simplified outline of this Division:
• If a petroleum pool is identified in a petroleum exploration permit area, the Joint Authority may declare a location over the blocks to which the petroleum pool extends.
• Generally, the blocks must be nominated for declaration by the permittee.
• The Joint Authority may require the permittee to nominate the blocks.
• The declaration may be revoked or varied in certain circumstances.