EAST TIMOR AND AUSTRALIA DISCUSS MARITIME BOARDERS
East Timor has always claimed Australia has bullied its smaller neighbor over the maritime boundaries of the Timor Sea. It is estimated that the sea has $41 million in oil and gas reserves. Negotiations ended last year, after East Timor claimed that Australia issued take-it-or leave-it ultimatums.
East Timor is looking for a sharing of revenues from oil and gas activities. The countries are meeting in the Australian capital of Canberra this week.