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About

About Timor Resources

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 onshore Timor-Leste, formerly East Timor. Timor Resources is the Operator, in two highly prospective onshore exploration blocks holding PSC TL OT 1708 and PSC TL OT 1709 Timor-Leste. Working in partnership with the National Oil Company of Timor-Leste. Timor Resources drilled the first 3 exploration wells in 2021.

Significant oil and gas was discovered and efforts to appraise these discoveries is now underway.

Timor Resources “Company” is a conventional onshore oil and gas exploration company with material discoveries onshore in Timor Leste. 

The Company holds the lease rights to ~3,100sqkm for two onshore blocks within Timor Leste, and has Production Sharing Contracts with the Timor Leste government.

The resource portfolio is a compelling mix of discovered resources, including, shallow oil discoveries and high-impact, regionally significant natural gas resources. Near term: ~20 MMBOE (2C contingent resource). The Appraisal for development program will be undertaken in 2025.

Medium term: ~800 MMBOE (2U P50 prospective resources) – blue sky opportunity, including up to ~7 TCF of natural gas.

 Projects of national significance to Timor Leste.

Having gained independence from Indonesia in 2002, Timor Leste is a young and vibrant nation. The energy sector is a key growth pillar for the national economy and the region is a highly prospective hydrocarbon destination.

Following the conclusion of commercial production at Bayu Undan, the Company’s onshore discoveries offer near term contribution to government revenue while accelerating economic development and creating employment opportunities.

The gas discoveries also have the potential to create a strategic foundation for national energy independence and resilience.

The mission of the company is “to unlock the onshore energy resource potential of Timor-Leste thereby improving the life of and creating wealth for the people of Timor-Leste whilst providing significant returns to our shareholders.”

Team-shot-with-PM

Drilling Success

Certified by independent experts, Molyneaux and Associates March 2024.

Our Milestones

March 2024

Timor Resources is preparing for a 2 well appraisal campaign with a focus on transitioning the company from explorer to a producer. TR Portfolio Pmean 6.9 Tcf, 343 MMbbls assessed by Molyneux Advisors (March 2025).

August 2023
Well Testing were carried out

Photo of Lafaek-1 EWT. Successful testing of the Lafaek-1 gas discovery was undertaken.

March 2023
Third Exploration well spud

The company drilled the deepest well in Timor-Leste called Lafaek-1, to a depth of 3118m.

September 2022
Second Exploration Well Spud
Second Exploration Well Spud

The company is currently drilling the deep well called Lafaek-1. Targeting the Triassic and Jurassic reservoirs, TD is planned to be 3500m. Drilling started early September 2022.

2021
First Exploration Well drilled by the company
First Exploration Well drilled by the company

Karau-1. Oil discovered by Timor Resources. API 37 light sweet oil samples were recovered at depth by Schlumberger who logged the well, completeing mini DST.

2020
Drilling Rig & 900 tonnes of casing arrived in Timor

Timor Resources intended to spud the first exploration well, however, COVID 19 brought operations to a standstill.

2019
Second Exploration Well drilled by the Company.

Kumbilli-1, in PSC TL OT 17 08.
Oil discovered. Schlumberger undertake a mini DST and light sweet oil 44API is collected.

2018
Timor Resources successfully acquires the Fafulu

Timor Resources successfully acquires the Fafulu 2018 2D seismic survey with 183 line km’s across Block A.
This survey is the first onshore seismic survey in 25 years and represents a quantum shift forward in imaging quality.
Timor Resources proudly employed 500 Timorese skilled and unskilled workers on contracts to support the project.

2017
Timor Resources opened an office in Dili

Timor Resources opened an office in Dili in early 2017, employing highly experienced exploration personnel from Australia, the UK and locally from Timor-Leste.

2016
Timor Resources Joint Venture

Timor Resources entered into an unincorporated Joint Venture with Timor-Leste national oil company Timor-Gap

2000 – 2016
Timor Leste became a free, democratic, stable country

Timor Leste became a free, democratic, stable country where independent and democratic elections are held.
Over this 16 year period Timor-Leste worked to become an independent new nation, defining a rule of law, that met the 98% Catholic population’s approval.

The constitution and legal framework ensured that the natural resources should be developed consistent with the National interest.
Timor-Leste held three peaceful elections, with opposite sides of politics holding Government through democratic process. Regardless of political party, full support was in place for onshore development of oil.

This was a an era of rapid growth, peace and cooperation, with a focus by the Timorese Government, to follow the National Strategic Plan for the development of the nation.
Timor-Leste’s onshore potential had remained untapped for the last fifty years. There had been much focus offshore, with the success offshore exceeding 5 billion barrels of oil recovered from the Bayu-Undan and Kitan fields in the Timor Sea.

1968-72
12 wells were drilled

12 wells were drilled in the late 1968-1972 with 4 oil discoveries in Block A, mostly light oil in character and up to 45°API.