| (1) |
In addition to the rights referred to in section 5, the holder of an exploration right— |
| (b) |
subject to section 81, has the exclusive right to apply for and be granted a renewal of an exploration right in respect of petroleum and the exploration area in question; |
| (c) |
has the exclusive right to remove and dispose of any petroleum samples found during the course of exploration, subject to section 20; and |
| (d) |
may only transfer and encumber the exploration right, subject to section 11. |
| (2) |
The holder of an exploration right must— |
| (a) |
lodge such right within 60 days for registration at the Mineral and Petroleum Titles Registration Office; |
[Section 82(2)(a) substituted by section 60 of the Mineral and Petroleum Resources Development Amendment Act, 2008]
| (c) |
comply with the terms and conditions of the exploration right, the relevant provisions of this Act and any other law; |
| (d) |
comply with the requirements of the approved environmental management plan; |
| (f) |
commence with exploration activities within 90 days from the effective date of the exploration right or such extended period as the Minister may authorise. |
Special Investigating Units and Special Tribunals Act, 1996
