24—Substitution of section 39
Section 39—delete the section and substitute:
39—Transfer of production leases
(1) A production lease may be transferred by the lessee if—
(a) the Minister consents to the transfer; and
(b) in a case where the public register includes a notation that a specified person has an interest in the lease—the specified person consents to the transfer.
(2) An application for the consent of the Minister to the transfer of a production lease—
(a) must be made to the Minister in the manner and form required by the Minister; and
(b) if the public register includes a notation that a specified person has an interest in the lease—must be accompanied by evidence that the person consents to the transfer; and
(c) must be accompanied by a fee of the amount prescribed by regulation.