An Onshore Petroleum Assessment Lease will provide you the exclusive right to prospect for and assess petroleum deposits in a specified area. This lease may be appropriate either where:
- a resource has been proven and the feasibility of production has been established, but the project is not currently viable, although it has potential to be developed in the foreseeable future
- there are areas of potential which are natural extensions to existing operations or projects, but it is currently impractical to apply for a production lease.
You are allowed to continue prospecting operations and to recover petroleum in the course of assessing the viability of commercial mining.
Please be aware that the area comprised in the lease must be not more than 4 blocks.