News Oil & Gas

Sunda granted petroleum licence for Puka-Oru

Sunda Energy plc has been granted a 10-year petroleum mining licence for the Puka oil and gas field and the Oru exploration prospect, located onshore Taranaki, North Island, New Zealand. Puka, which contains Oru, and Cheal, Cheal East and Sidewinder are four permits in which the company is acquiring a 100% working interest and operatorship. […]

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 applies for Taranaki offshore exploration permit

Sunda Energy plc has applied for a new petroleum exploration permit for the Taranaki Basin’s offshore area, containing the Awakino gas condensate field, on the west coast of New Zealand’s North Island. AWAKINO The permit, covering  645 km2, marks the start of the company’s “wider growth strategy” in the country, focusing on gas exploration, development and production […]