Document ID: chunk:federal_register_of_legislation:F2025C00011:front:0:p11
Version: federal_register_of_legislation:F2025C00011
Segment Type: other
Provision Reference: 
Character Range: 28015–30938

been determined—the rate or quantity;
 (e) the physical and chemical properties of the petroleum from the discovery well that have been determined;
 (f) if the physical properties of the pool from which the petroleum is recovered have been determined—the properties;
 (g) each preliminary estimate of the quantities of petroleum in place that has been made.

2.03  Titles Administrator may request information to be included in discovery assessment report
 (1) The Titles Administrator may, within 7 days after being notified by a petroleum titleholder of a discovery of petroleum under section 284 of the Act, ask the titleholder in writing to include additional information about the discovery in the titleholder's discovery assessment report under regulation 2.04.
Note: Section 284 of the Act requires notification of a discovery within 30 days after completion of the discovery well.  Regulation 2.04 requires a further report about the discovery within 90 days after completion of the discovery well.
 (2) The request must specify the information sought and the reasons for the request.
 (3) After receiving the request, the titleholder may give the Titles Administrator a written statement that:
 (a) the information is not within the titleholder's knowledge; or
 (b) the titleholder is unable to obtain the information.
 (4) If the Titles Administrator is satisfied (whether or not because of a statement under subregulation (3)) that the titleholder cannot comply with the request because:
 (a) the information is not within the titleholder's knowledge; or
 (b) the titleholder is unable to obtain the information;
the Titles Administrator must, as soon as practicable, give the titleholder a notice in writing withdrawing the request.

2.04  Requirement to provide discovery assessment report
 (1) A petroleum titleholder commits an offence if:
 (a) the titleholder has notified the Titles Administrator of a discovery of petroleum in accordance with section 284 of the Act; and
 (b) the titleholder does not give the Titles Administrator a discovery assessment report for the title area within:
 (i) 90 days after completion of the well that resulted in the discovery; or
 (ii) if the Titles Administrator authorises the titleholder to give the report within another period—the other period.
Penalty: 60 penalty units.
 (2) An offence against subregulation (1) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.
 (3) In this regulation:
discovery assessment report means a report that includes the following information:
 (a) the title in which the discovery was made;
 (b) a preliminary estimate of the location and areal extent of the petroleum pool;
 (c) details of the geological structure in which the petroleum is located;
 (d) the results of all assessments of the discovery;
 (e) a preliminary estimate of the quantity of petroleum in the petroleum pool;