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 […]
Tag: Sulu Sea
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 […]