greater sunrise deal prior to 23 feb, 2013, page-3

hi needle

read a bit about this one as well. the unfortunate word is "may"


"if a development plan for the Unit Area has not been approved ... within six years after the date of entry into force of this Treaty [that is, 23 February 2013] ... either Party MAY notify the other Party in writing that it wishes to terminate this Treaty, in which case the Treaty shall cease to be in force three calendar months after such notice is given."

East Timor Government have not alternative so they will not walk - what else are they going to do... It then comes down to Woodside. This one is an ugly stalemate. It costs blow out in Australian imagine what the costs would be to do a greenfield development in East Timor....

TS = Woodside? Not sure on this one