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The latest announcement is out from Baron Oil ( (GB:SNDA) ).
Sunda Energy Plc announced that all resolutions were passed at its recent General Meeting, authorizing the issuance of new shares and the disapplication of pre-emption rights. This approval facilitates the company’s strategic initiatives, including the issuance of Loan Notes and the completion of a Farm-In Agreement with TIMOR GAP, contingent upon certain conditions. The resolutions are expected to enhance Sunda’s operational capabilities and strengthen its market position in the Southeast Asian energy sector.
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 the development of energy resources in collaboration with government and industry partners.
Average Trading Volume: 136,412,895
Technical Sentiment Signal: Sell
Current Market Cap: £12.5M
Find detailed analytics on SNDA stock on TipRanks’ Stock Analysis page.