Sunda Energy Plc (LSE:SNDA) has issued an update on its activities in Timor-Leste and the Philippines, confirming that drilling of the Chuditch-2 well has been rescheduled to the first half of 2026. The company is engaged in ongoing, constructive discussions with Timor-Leste authorities and partners to ensure the success of the planned campaign.
In the Philippines, Sunda is awaiting final approvals for two offshore blocks in the Sulu Sea, part of nine pending service contracts that are expected to stimulate oil and gas exploration in the region. Alongside these developments, the company is actively exploring new business opportunities aimed at expanding its asset base and driving future growth.
About Sunda Energy Plc
Sunda Energy Plc is an AIM-listed exploration and appraisal company with a focus on gas assets in Southeast Asia. Its primary activities are in Timor-Leste and the Philippines, supported by a strategy to grow and diversify its upstream portfolio.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Leave a Reply