Sunda Energy plc has deferred drilling the Chuditch-2 appraisal well offshore Timor Leste to the first half of 2026 because it was unable to agree a rig contract. LOGISTICS Drilling, already once deferred from its original date of early 2025, was due to begin during the second half of this year on the field under […]
Tag: Chuditch field
Sunda completes $1.5m drawdown for Chuditch
Sunda Energy plc has completed the conversion of the first tranche loan notes and issued warrants for a US$1.5 million drawdown. TVRs The three investors initially subscribed on 13 May and on 16 May converted all of the outstanding balance of their loan notes into ordinary shares of 0.025 pence each, at a 15% discounted […]
Sunda begins environment survey for Chuditch-2
Sunda Energy plc has started an environmental baseline survey ahead of drilling the planned Chuditch-2 appraisal well, offshore Timor-Leste. SCHEDULE The survey vessel ‘Outer Limit’ will undertake extensive sampling of the marine environment before completion within five days. Sunda will incorporate the survey results and analysis into the environmental impact statement needed as part of […]
Sunda puts back Chuditch-2 spud date
Sunda Energy plc expects the spud date to defer to the second quarter of 2025 for the Chuditch-2 appraisal well offshore Timor Leste. RIG The company, which had targeted early 2025 subject to financing, continues to advance funding for the TL-SO-19-16 production sharing contract with Pacific LNG. Preparations for drilling continue with negotiations for its […]
Sunda signs exclusivity deal for Chuditch drill
Sunda Energy plc has entered into an exclusivity agreement to fund drilling the Chuditch-2 gas appraisal well under the TL-SO-19-16 production sharing contract, Timor-Leste. RIG The company said that any investment from private Singapore investor Pacific LNG Operations Pte Ltd would be through equity issued from a Sunda subsidiary. The agreement contains “carve-outs” for several […]
Baron chooses new Chuditch-2 drill site
Baron Oil plc has chosen a new drill location after finding the original site unsuitable for a jack-up rig for the Chuditch-2 appraisal well, offshore Timor-Leste. DRILL PLANS A now completed geotechnical survey, focused on physical studies of the seabed, revealed that the initial chosen area was an irregular seabed unsuitable for a jack-up drilling […]