(1) A greenhouse gas search authority authorises the registered holder, in accordance with the conditions (if any) to which the authority is subject, to carry on, in the authority area, the operations relating to:
(a) the exploration for potential greenhouse gas storage formations; and
(b) the exploration for potential greenhouse gas injection sites;
that are specified in the authority.
(2) A greenhouse gas search authority does not authorise the registered holder to make a well.
(3) The rights conferred on the registered holder by subsection (1) are subject to this Act and the regulations.