Enhancing Australia's Economic Prosperity
Resources Energy Tourism Department

Resources

The Australian Government is committed to creating a policy framework to expand Australia's resource base, increase the international competitiveness of our resources sector and improve the regulatory regime, consistent with the principles of environmental responsibility and sustainable development.
Re-Release of Acreage

The re-release of an area will be at the discretion of the Joint Authority. However, it is generally intended that any area that does not attract a successful bid will be re-released about two months after the original closure date for applications for that area. The re-released areas will be open for bidding for about four months. Whenever possible, the closure date for applications for re-released areas will coincide with the next closure date under the annual acreage release process. Areas will only be re-released once.

The re-released areas will be open to all interested bidders under the work program bidding system. The promotion of the re-released areas will be notified in the relevant government gazette and an article in the Australian Petroleum News.

Page Last Updated: 13/01/2011 12:18 AM