How many acres are in a five-minute graticular block? If Santos applies for a Production Lease will blocks be joined together or spread across a wide area?
When mapped, a five-minute graticular block is bounded by lines (graticules) that mark five minutes longitude and five minutes latitude.1 In the Gunnedah region, a graticular block is approximately 9km by 8km (74km2, 18, 130 acres2 or 7300ha3). If the exploration and appraisal phases show that a Petroleum Exploration Licence (PEL) area has a viable resource, the owners of the PEL can apply to the DPI license a maximum area of four graticular blocks (always joined together) to become a Production Lease. The remaining Petroleum Exploration Licence area may be retained for further exploration by the current owner. They may choose to surrender it to the DPI to put out to tender for further exploration.
Related Questions
- How many acres are in a five-minute graticular block? If Santos applies for a Production Lease will blocks be joined together or spread across a wide area?
- How big is a five-minute graticular block? If Santos applies for a production lease will blocks be joined together or spread across a wide area?
- One block is nice, but can more blocks be purchased?
