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The latest announcement is out from Baron Oil ( (GB:SNDA) ).
Sunda Energy Plc announced updates on its operations in Timor-Leste and the Philippines, highlighting the postponement of the Chuditch-2 well drilling to the first half of 2026. Constructive discussions with Timor-Leste authorities and partners are ongoing to ensure the campaign’s success. In the Philippines, Sunda is awaiting final signatures on two offshore blocks in the Sulu Sea, which are part of nine pending service contracts expected to boost oil and gas activities in the region. The company is also pursuing new business initiatives to expand its portfolio, with potential opportunities that could significantly impact its growth.
More about Baron Oil
Sunda Energy Plc is an AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia. The company is engaged in exploration activities primarily in Timor-Leste and the Philippines, with a strategic focus on expanding and diversifying its upstream portfolio.
Average Trading Volume: 173,163,412
Technical Sentiment Signal: Sell
Current Market Cap: £7.45M
Learn more about SNDA stock on TipRanks’ Stock Analysis page.