(1) If the Titles Administrator gives a petroleum production licensee a notice under regulation 4.11, the licensee may give an objection, in writing, to the Titles Administrator:
(a) stating one or more of the following:
(i) that the variation should not occur;
(ii) that the variation should be in terms different from the proposed terms;
(iii) that the varied field development plan should take effect on a date later than the proposed date;
(iv) that the date by which the licensee must submit a variation of the plan should be later than the proposed date; and
(b) giving reasons for the objection.
(2) The licensee must make the objection within:
(a) 21 days after receiving the notice; or
(b) if the Titles Administrator, in writing, allows a longer
period--that period.