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Sunda Energy Secures Initial Loan Note Funding for Chuditch-2 Project

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Sunda Energy Secures Initial Loan Note Funding for Chuditch-2 Project

Confident Investing Starts Here:

Baron Oil ( (GB:SNDA) ) has shared an update.

Sunda Energy Plc has announced the completion of the first drawdown of US$1.5 million in Loan Notes, which will be used to fund the company’s share of costs for the Chuditch-2 project and related expenses. This financial move is expected to support Sunda’s operational capabilities and strengthen its position in the Southeast Asian gas industry, with further announcements anticipated for future drawdowns.

More about Baron Oil

Sunda Energy Plc is an AIM-quoted company specializing in the exploration and appraisal of gas assets, primarily focused on Southeast Asia.

Average Trading Volume: 138,871,426

Technical Sentiment Signal: Sell

Current Market Cap: £12.25M

See more data about SNDA stock on TipRanks’ Stock Analysis page.

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