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Sunda Energy Chairman Increases Stake with Major Share Purchase

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Sunda Energy Chairman Increases Stake with Major Share Purchase

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Baron Oil ( (GB:SNDA) ) has issued an announcement.

Gerry Aherne, the Independent Non-Executive Chairman of Sunda Energy Plc, has acquired 120 million ordinary shares in the company, increasing his total beneficial shareholding to 180 million shares, which represents approximately 0.63% of the company’s current voting rights. This transaction indicates a significant personal investment by a key executive, potentially signaling confidence in the company’s future prospects and impacting stakeholder perceptions positively.

More about Baron Oil

Sunda Energy Plc is an AIM-quoted exploration and appraisal company that focuses on gas assets in Southeast Asia.

Average Trading Volume: 216,476,940

Technical Sentiment Signal: Sell

Current Market Cap: £7.33M

For a thorough assessment of SNDA stock, go to TipRanks’ Stock Analysis page.

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