Lakehouse backs Timor Resources with US$30M

TIMOR Resources has secured a US$30 million finance facility via a convertible note structure from Lakehouse Group to progress its onshore drilling plans for  Timor-Leste’s  first onshore well in 44 years. 

Lakehouse backs Timor Resources with US$30M Lakehouse backs Timor Resources with US$30M Lakehouse backs Timor Resources with US$30M Lakehouse backs Timor Resources with US$30M Lakehouse backs Timor Resources with US$30M

Timor-Resources MD Suellen Osborne excited for first Timor-Leste's onshore well in 44 years 

Timor Resources, whose parent company is engineering firm Nepean, plans a 10 well campaign to run for 426 days, with five wells this year in one permit it operates under a production sharing contract
  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Govt's COVID-19 Commission under scrutiny. Read more.
  • Latest COVID-19 Coverage: NT throws cash at oil and gas industry. Read more.