Finance News Oil & Gas

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 […]

News Oil & Gas

Sunda wins joint bid for Philippine blocks

Sunda Energy plc has been awarded non-operated interests in two petroleum service contracts for licence areas, offshore the Philippines. HIGH IMPACT The company bid in a group with operator Triangle Energy (Global) Ltd, PXP Energy Corporation and The Philodrill Corporation. Sunda holds a 37.5% interest in the two blocks located in the southwest of the […]