Baron Oil (GB:SNDA) has released an update.
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Sunda Energy Plc, formerly Baron Oil, has announced a shift in strategy focusing on Southeast Asian gas assets, with significant activity on the Chuditch PSC in Timor-Leste, including an appraisal well due to be drilled. The company has raised funds through share capital issuance and is in discussions with potential funding partners for its Timor-Leste project. With a newly reconstituted board and a name change reflecting its strategic pivot, Sunda Energy is also expanding its Southeast Asian portfolio with bids for service contracts in the Philippines.
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