I just wanted to update this with some information I have gathered from my reading in the last few days.
CMATS provides that if no development plan is agreed to within six years from when the treaty entered into force, then either country can give notice to terminate the treaty. This date has passed as of 23rd Feb 2013, so either country could now potentially terminate the treaty. ET's main disagreement with Australia so far has been the location of the processing plant for the Greater Sunrise field. With ET arguing it should be located on Timorese soil with Australia and the field developers favouring a floating plant.
The Timorese may be playing to attempt to secure concessions regarding this processing plant, or they may have a greater goal of trying to establish a favourable agreement on permanent boarders.
Can anyone provide input regarding common international maritime boarders using either equidistant or continental shelf boundaries? Does the agreement with Indonesia set a precedent in the region? Or is this unrelated.
Thanks!