Sunda Energy plc has raised £525,000 through an oversubscribed retail offer of 35 million shares to advance its oil and gas interests in the Asia-Pacific.
Funds raised add to those on 22 September from the placing and subscription to raise an aggregate £5.775m.
Sunda assets include an interest in the Chuditch gas production sharing contract, offshore Timor-Leste; service contracts in the Philippines; and licences in the Taranaki Basin, North Island, New Zealand.