- (a) To qualify for extension of an offshore mining lease for so long as production continues, production must be achieved by the end of the lease's stated term.
- (b) Under the circumstances set out in AS 38.05.250(d), the lessee may apply for a short-term extension of a lease that is not yet in production.
(Eff. 5/30/85, Register 94)
Authority: AS 38.05.020, AS 38.05.205, AS 38.05.250