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Baron Oil ( (GB:SNDA) ) has provided an update.
Sunda Energy Plc has signed a Memorandum of Understanding with the Timor-Leste government and other parties to develop gas resources from the Chuditch PSC. This collaboration includes plans for an accelerated development timeline, contingent on successful appraisal drilling in 2025, and aims to deliver gas to Timor-Leste, potentially providing significant revenues for the region and stakeholders.
More about Baron Oil
Sunda Energy Plc operates in the energy sector, focusing on the exploration and development of gas resources. Its primary product is natural gas, with a significant market focus on the Chuditch PSC in Timor-Leste, where it holds a 60% license.
YTD Price Performance: -27.78%
Average Trading Volume: 93,543,286
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £16.58M
For detailed information about SNDA stock, go to TipRanks’ Stock Analysis page.
