In addition to complying with section 58, an applicant for a retention lease must submit details of— (a) the area in respect of which the lease is sought; and (b) the commercial viability of extracting geothermal energy or geothermal energy resources from that area at the time the application is made; and (c) the possible future commercial viability of extracting geothermal energy or geothermal energy resources from that area; and (d) any other matter prescribed by the regulations. 36 Factors determining grant of application (1) The Minister must grant a retention lease if— (a) the applicant for the lease has provided all the information required by the Minister and has otherwise complied with section 35; and (b) the applicant has complied with the conditions of the exploration permit and all applicable laws in relation to that permit; and (c) the Minister is satisfied that the extraction of geothermal energy or geothermal energy resources from the proposed lease area— (i) was not commercially viable on the day the application for the lease was made; but (ii) might become commercially viable within the next 15 years. (2) The Minister may grant a retention lease if— (a) subsections (1)(a) and (1)(c) apply; and
In addition to complying with section 58, an applicant for a retention lease must submit details of— (a) the area in respect of which the lease is sought; and (b) the commercial viability of extracting geothermal energy or geothermal energy resources from that area at the time the application is made; and (c) the possible future commercial viability of extracting geothermal energy or geothermal energy resources from that area; and (d) any other matter prescribed by the regulations. 36 Factors determining grant of application (1) The Minister must grant a retention lease if— (a) the applicant for the lease has provided all the information required by the Minister and has otherwise complied with section 35; and (b) the applicant has complied with the conditions of the exploration permit and all applicable laws in relation to that permit; and (c) the Minister is satisfied that the extraction of geothermal energy or geothermal energy resources from the proposed lease area— (i) was not commercially viable on the day the application for the lease was made; but (ii) might become commercially viable within the next 15 years. (2) The Minister may grant a retention lease if— (a) subsections (1)(a) and (1)(c) apply; and