"1974 Oceanic Exploration Concession Area"
- Portuguese East Timor granted Oceanic Exploration concession.
- The exclusive right to explore, develop and produce natural hydrocarbons.
- East Timor 20% equity ownership of Petrotimor, Oceanic's Portuguese subsidiary.
- Oceanic/Petrotimor undertakes exploration program.
- 1975, Indonesia invades. Oceanic/Petrotimor evacuate Dili.
- State of force majeure suspends agreement.
