Document ID: chunk:federal_register_of_legislation:C2024C00828:section:140
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 140
Character Range: 361437–362151

140  Extension of petroleum retention lease if lessee applies for petroleum production licence
 (1) If:
 (a) a petroleum retention lease is in force over a block or blocks; and
 (b) before the time when the lease would, apart from this subsection, expire, the lessee applies to the Titles Administrator for the grant by the Joint Authority of a petroleum production licence over the block or one or more of the blocks;
the table has effect:

Extension of lease
Item                In this case...                                                                                                                                the lease continues in force over the block or blocks covered by the application until...