161. The licence shall be issued to any person who meets the requirements and pays the fees prescribed by regulation.
The Minister shall refuse to issue a licence where the applicant is not already the holder of a licence to explore for petroleum, natural gas and underground reservoirs, a lease to produce petroleum and natural gas or a lease to operate an underground reservoir with respect to the land that is the subject of the licence application.
The licence is not transferable.
1987, c. 64, s. 161; 1998, c. 24, s. 74.