An Australian Owned Oil & Gas Company
Timor Resources Pty Ltd is a privately owned Australian oil and gas company, incorporated in 2016, for the sole purpose of exploring for oil and gas in onshore Timor-Leste, formerly East Timor.
Timor Resources is the Operator, in two highly prospective onshore exploration blocks in Timor-Leste. In partnership with The National Oil Company TIMOR GAP, drilled the first 2 exploration wells in 2021.
Significant oil discovery was made in the second exploration well the company has drilled and efforts to appraise this discovery is underway. 2 additional exploration wells have been planned to test a number of different play types with multiple targets in each well to be drilled in later half of 2022.
What we do?
Timor Resources (the “Company”) is the operator of two Production Sharing Contracts (“PSC”) alongside joint venture (“JV”) partner, Timor Gap, the national oil company of Timor Leste.
PSC TLOT-17-08 (“Block A”)
PSC TLOT-17-09 (“Block C”)
Timor Resources has discovered gross 2C resources of 28.8MMbls, and 3C resources of 56.8MMbls oil and 1.3Bcf gas, with substantial opportunity to convert 332MMbbls of 2U prospective resources into 2C resources / 2P reserves. Resource certified by Energy Resource Development.
Following several years of exploration and appraisal activities in Timor Leste, Timor Resources is reaching an important stage of its corporate evolution, with the Company now planning for a transition from explorer to project developer / producer.
Oil and Gas Exploration
COMPLETED - 2D seismic surveys (2018/19) across Block A and Block C - Drilled exploration wells 2021 - Karau-1 - Drilled exploration wells 2022 - Kumbilli-1 - Drilling exploration well Lafaek-1 spud Sept 2022
We bring the right people together to challenge established thinking and to embrace technology to develop comprehensive datasets of historical exploration, allowing us to have a subsurface model using all data available.
Innovation and specialisation, with a ‘can do’ attitude has allowed the company to progress the frontier exploration activities, in collaboration with community.
The latest exploration media articles and press releases can be found here.