East Timor plans to restart border talks with Australia

East Timor plans to negotiate a larger share of the oil and gas wealth in the seabed between the impoverished Southeast Asian nation and Australia by restarting talks on a maritime boundary. East Timor and Australia said in a joint statement on Monday that the tiny half-island country plans to give its wealthy neighbor three months’ notice that a bilateral treaty on sharing Timor Sea oil and gas will be terminated.