If an event specified in the table happens, the Minister must enter in the Register a memorial of the fact.
Cessation of title etc. | |
---|---|
Item |
Event |
1 |
A petroleum exploration permit or petroleum retention lease ceases to be in force over a block in relation to which a petroleum production licence is granted. |
2 |
A petroleum exploration permit ceases to be in force over a block in relation to which a petroleum retention lease is granted. |
3 |
A petroleum exploration permit is wholly or partly revoked. |
4 |
A petroleum retention lease is wholly or partly revoked otherwise than under section 147. |
5 |
A petroleum exploration permit, petroleum retention lease, petroleum production licence, petroleum special prospecting authority or petroleum access authority expires. |
Part 4.3 —Transfer of titles