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Baron Oil ( (GB:SNDA) ) just unveiled an announcement.
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 operations in Timor-Leste. The company is making progress in securing a drilling rig and environmental permits for the Chuditch-2 appraisal well, and has been awarded non-operated interests in two Petroleum Service Contracts in the Philippines. These developments are expected to strengthen Sunda Energy’s position in the Southeast Asian energy sector and attract potential investors.
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 the AIM market 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.