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Baron Oil ( (GB:SNDA) ) has issued an announcement.
Sunda Energy Plc has received a 12-month extension for Contract Year 3 of its TL-SO-19-16 Production Sharing Contract from the Timor-Leste upstream regulator. This extension allows the company more time to prepare for the drilling of the Chuditch-2 appraisal well, which is expected to occur in the first half of 2026. The extension is significant for Sunda Energy as it helps preserve the project’s value for shareholders and allows the company to continue collaborating with partners to advance the necessary workstreams.
More about Baron Oil
Sunda Energy Plc is an exploration and appraisal company focused on gas assets in Southeast Asia. The company operates through its wholly owned subsidiary, SundaGas Banda Unipessoal, Lda., and is listed on the AIM market.
Average Trading Volume: 210,302,784
Technical Sentiment Signal: Sell
Current Market Cap: £7.33M
For detailed information about SNDA stock, go to TipRanks’ Stock Analysis page.