Scope
(1) This section applies if rights conferred by a petroleum exploration permit or petroleum retention lease are suspended under section 266.
Extension of term
(2) The Joint Authority may extend the term of the permit or lease by a period not more than the period of the suspension.
(3) The extension may be:
(a) in the notice of suspension; or
(b) by a later written notice given to the permittee or lessee.