Baron Oil (GB:BOIL) has released an update.
Baron Oil PLC, focusing on gas exploration in Southeast Asia, has proposed changing its company name to Sunda Energy plc to align with its strategic direction, particularly in its Timor-Leste operations. The company is preparing to enter the third contract year of the Chuditch PSC and is progressing in planning the Chuditch-2 appraisal well, with significant headway in site surveys, drilling negotiations, and environmental approvals. Additionally, Baron Oil is actively seeking funding partners for the drilling project, with encouraging interest levels and a confident outlook for the scheduled drilling.
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