Baron Oil (GB:SNDA) has released an update.
Sunda Energy Plc has applied for two offshore gas licences in the Philippines, demonstrating its strategic focus on gas in Southeast Asia and potential to significantly enhance its energy portfolio in the region. The company, which currently holds a 37.5% interest in a joint venture, is awaiting the outcome of their application, with no certainty on the award or the timing. This move aligns with Sunda Energy’s broader goal of expanding its substantial energy business in Southeast Asia.
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