1. Bathurst Island, island in the Timor Sea, Northern Territory, Australia

2. East Timor hopes to earn lots of money from oil found under the Timor Sea.

3. Nearly half of the total revenue is accounted for by earning from the Timor Sea ($ # million

4. Rich oil and gas deposits in the Timor Sea also offer hope of improving the poor economic situation.

5. Economic progress has been slow. East Timor hopes to earn lots of money from oil found under the Timor Sea.

6. On 27 December, the Bureau of Meteorology indicated that a weak tropical low had developed over the Timor Sea, approximately 490 km (305 mi) northwest of Darwin.