11 AAC 84.730 - Noncompetitive geothermal prospecting permits
(a) The
commissioner will, in his discretion, issue a noncompetitive geothermal
prospecting permit for an initial two-year term to a person exercising a
preference right under
AS
38.05.181(a), and to a
person who submits an application for a tract subject to a call for
applications, if the tract is not designated for disposal by competitive
lease.
(b) The commissioner will,
in his discretion, renew a geothermal prospecting permit issued under this
section once for a one-year term, if he finds that the permittee has been
unable, despite the exercise of reasonable diligence, to show a discovery of
geothermal resources in commercial quantities. In this subsection, "reasonable
diligence" means the performance of at least $50 per acre worth of drilling,
geological, geochemical, or geophysical work on the permit area for the benefit
of the permit area during the initial two-year term.
(c) An application for geothermal prospecting
permit renewal under (b) of this section must be submitted no later than 60
days preceding the date on which the geothermal prospecting permit would
otherwise expire and must be accompanied by a copy of all geothermal survey
data obtained from the lands under permit. The data must include pertinent
tests, records, data surveys, and analyses.
(d) If the application for renewal of
geothermal prospecting permit meets the conditions of (b) and (c) of this
section, the commissioner will issue the renewal of the permit after receipt of
rental fees at the rate of $3 per acre of the permit area for the one
year.
Notes
Authority:AS 38.05.020
AS 38.05.035
AS 38.05.145
AS 38.05.181
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