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.
Tag: Chuditch field – offshore Timor-Leste
Sunda issues 11.7 million new shares
Sunda Energy plc will issue 11,763,447 new ordinary shares of 0.1 pence each, following notice from Alumni Capital Ltd to convert £100,000 of the outstanding drawn-down principal amount of its loan notes, plus a £10,000 finance charge. TVRs The company has additionally granted to Alumni a total of 6,786,604 CLN warrants entitling the holder to […]
Sunda issues 15.4m new shares
Sunda Energy plc will issue 15,426,039 new ordinary shares following notice from Alumni Capital Ltd to convert £250,000 of the balance of its convertible loan note, plus a £25,000 finance charge. TVRs The conversion into ordinary shares of 0.1 pence each is at a price of 1.7827 pence, which is a 15% discount to the […]
Sunda raises £405,000
Sunda Energy plc has raised gross £404,780 from a retail offer for the issue of 13,606,029 new shares and 6,802,977 warrants. REORGANISATION The sum raised adds to the £6.7 million raised earlier this week, which will fund the oil and gas exploration company’s proposed expansion into New Zealand. Shareholders are expected to vote on the […]
Sunda again defers drilling Chuditch-2
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 […]
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 […]