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Excellent outcome for Oilex as Timor dispute settles

AUSTRALIAN-headquartered oil and gas explorer Oilex has reached a settlement with its joint venture partners and the Timor Leste government over a disputed interest and alleged finances owed as operator in an offshore block.

paul hunt
Excellent outcome for Oilex as Timor dispute settles

Oilex held a 10% stake in a highly prospective offshore block called JPDA 06-103 in the Flamingo Trough portion of the Northern Bonaparte Basin, in the Timor Sea.  The company was operator of the project...

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