Baron Oil (GB:SNDA) has released an update.
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Sunda Energy Plc is advancing its operational plans for the Chuditch PSC project in Timor-Leste and has entered into an exclusivity agreement with a potential investor to fund the Chuditch field appraisal well, with continued discussions with other partners. The company also appointed Rob Collins, an experienced industry financier, to its Board of Directors, and is actively engaging in community support initiatives such as the refurbishment of pre-schools in Timor-Leste. Despite no finalized agreements, they remain optimistic about drilling the appraisal well in early 2025 and are exploring new ventures that align with their Southeast Asia gas-focused strategy.
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