AGP Executive Report
Last update: 3 minutes agoOnshore Exploration: TIMOR GAP is seeking a 750-horsepower rig for its Pualaca-1 wildcat, planned for August or September 2027 as part of a three-well campaign. Manganese Exports: Estrella Resources won approval to export a 27,000-tonne bulk sample from its Ira Miri project, clearing the way for its first major shipment through Tenu Port. Greater Sunrise: Woodside agreed to sell its 33.44% stake to TIMOR GAP for up to US$200 million. Combined with TIMOR GAP’s planned purchase of Osaka Gas’ 10% share, the deal would give the state company full ownership, with a pipeline to the south coast its proposed development route. Gas Prospects: Timor-Leste’s regulator is seeking partners to appraise the Kelp Deep field, where earlier tests indicated substantial gas resources. Investment: President José Ramos-Horta says investor confidence has grown since ASEAN membership; planned projects include a solar plant and a shipyard.
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