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.

Excellent outcome for Oilex as Timor dispute settles Excellent outcome for Oilex as Timor dispute settles Excellent outcome for Oilex as Timor dispute settles Excellent outcome for Oilex as Timor dispute settles 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.