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An update from Baron Oil ( (GB:SNDA) ) is now available.
Sunda Energy Plc has announced a fundraising initiative through a subscription and a retail offer to raise up to £470,000, which will be used for general working capital and preparations for drilling projects in Timor-Leste and the Philippines. The company is making progress on its Chuditch project in Timor-Leste, with plans to secure a drilling rig and engage in funding discussions, while it has also been awarded non-operated interests in two Petroleum Service Contracts in the Philippines, marking significant steps in its strategic expansion.
More about Baron Oil
Sunda Energy Plc is an exploration and appraisal company focused on gas assets in Southeast Asia. The company is listed on AIM and is involved in projects in Timor-Leste and the Philippines, aiming to expand and diversify its upstream portfolio.
Average Trading Volume: 71,147,567
Technical Sentiment Signal: Sell
Current Market Cap: £7.22M
For detailed information about SNDA stock, go to TipRanks’ Stock Analysis page.