Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002)Chapter 6 : Petroleum Exploration and Production89. Financial guarantee |
In addition to section 5(4), no exploration operation or production operation may commence unless the holder of the rights concerned has provided for a financial provision acceptable to the designated agency guaranteeing the availability of sufficient funds for the due fulfillment of all exploration and production work programmes by the holder.
