The £5.03 million raised completes payment of its oil and gas acquisition onshore New Zealand.
Tag: Chuditch-2 appraisal well – offshore Timor-Leste
Sunda faces termination of Chuditch PSC
Sunda Energy plc has been accused of breaching the terms of the Timor-Leste production sharing contract by failing to drill on schedule an appraisal well on the Chuditch field. RIG The company’s subsidiary, SundaGas Banda Unipessoal, Lda, yesterday received a letter of notification from the country’s upstream regulator Autoridade Nacional do Petróleo (ANP). Sunda said it would […]
Sunda signs LoI to secure rig for Timor-Leste
Sunda Energy plc has signed has a letter of intent with Finder Timor-Leste B.V. to work together to secure a drilling rig for their respective operations offshore Timor-Leste. SCHEDULE Sunda is preparing to drill an appraisal well in the Chuditch gas field in 2027, later than the planned Q2 2026, while Finder proposes to drill […]
Sunda granted Chuditch-2 environment licence
Sunda Energy lc has been awarded an environmental licence to drill the Chuditch-2 gas appraisal well, on the TL-SO-19-16 production sharing contract, offshore Timor-Leste. DRILLING The company said that the licence, awarded on 9 March, was valid until 9 March 2028. The licence is also subject to conditions, which include submission of a waste management […]
Sunda agrees £1.5m loan with CEO
Sunda Energy plc has agreed an unsecured loan with its chief executive officer Andy Butler for up to £1.5 million to finance the proposed purchase of an oil and gas exploration, development and production portfolio. CHUDITCH-2 The company has drawn down the first £400,000 of the loan to fund transaction costs of the proposed acquisition […]
Sunda investors back directors’ shares issue
Sunda Energy plc shareholders have approved the issue of its directors’ subscription shares, and cover any future exercise of 480 million warrants, from the 17 October fundraise. TVRs The vote at the 10 November general meeting results in granting authorities for the issue of a total of 800 million new ordinary shares. Chairman Gerry Aherne […]