Sunda Energy

Sunda Energy has suspended trading in its shares from 7:30 a.m. to pursue a possible capital raise. The company is using the newly introduced "Capital Access Window" of the AIM rules, which allows voluntary trading suspensions for financing activities. Trading will remain suspended until the results of the planned capital measure are announced; details on size and terms were not disclosed. » More on de.investing.com

Sunda Energy reports a mid-case estimate of 8.0 trillion cubic feet (Tcf) gross for the Halcon exploration prospect (Service Contract 80), equivalent to 3.0 Tcf net to Sunda (37.5% working interest). Tetragon gives a geological chance of success of 24%; the range of gross prospective resources is 1,700–22,600 billion cubic feet (Bcf) (net to Sunda: 638–8,475 Bcf). Operator is Tetragon with equal shares; other partners are PXP Energy and The Philodrill. The contracts are located offshore in the Autonomous Region Bangsamoro, Mindanao. » More on de.investing.com

Sunda Energy has applied for an exploration permit for an area of about 645 km² in the offshore Taranaki Basin that includes the Awakino gas-condensate field. The application follows the announced takeover of Matahio Energy NZ and envisages technical studies of existing well and field data as well as reprocessing 450 km² of 3D seismic within 36 months. New Zealand Petroleum and Minerals has placed the application into an open, competitive tender process; a three-month window for competing bids is now open before a decision is made. » More on de.investing.com