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(a) If a proposal for an exploration license submitted under 11 AAC 82.909 (a) or (d) is not rejected by the commissioner, the commissioner will issue a request for competing proposals concurrent with a public notice of intent by the commissioner to evaluate the acceptability of the proposal.
(b) A prospective licensee must notify the commissioner in writing of the prospective licensee's intent to submit a proposal for an oil and gas exploration license within 30 days after the commissioner has issued a request for competing proposals under (a) of this section.
(c) A competing proposal for an oil and gas exploration license submitted by a prospective licensee must conform to 11 AAC 82.909(e) and must be received by the department within 60 days after the commissioner has issued a request for competing proposals under (a) of this section.
History: Eff. 9/22/95, Register 135
Authority: AS 38.05.131
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Last modified 7/05/2006