Thanks Sin. I expect that CVN will put out an announcement...

Thanks Sin. I expect that CVN will put out an announcement something along these lines:

SYDNEY, Aug 31 (Reuters) - Liquefied natural gas producer ConocoPhillips announced new production sharing contracts with East Timor for the ageing Bayu Undan gas field on Saturday, following the implementation of a new maritime border with Australia.

The gas condensate deposit in the Timor Sea, 250 km south of East Timor and 500 km north of Australia, now falls within the small Pacific nation's jurisdiction, after it ratified the Maritime Boundary Treaty on Friday. "We look forward to the Bayu Undan project operating in Timor-Leste’s maritime jurisdiction and continuing to develop together with Timor-Leste during Bayu Undan’s final years," Chris Wilson, president of ConocoPhillips Australia-West, said in a statement.

The new production sharing contracts, which took effect on Friday, give regulatory certainty on terms equivalent, leaving the operation of the field unchanged.