Draw down from loan facility

Sunda Energy

26/03/2026 07:00

RNS Number : 1477Y

Sunda Energy PLC

26 March 2026

 

26 March 2026

Sunda Energy Plc

("Sunda" or "Sunda Energy" or the "Company")

 

Draw down from loan facility

 

Sunda Energy Plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, announces that it has drawn down a further £750,000 from the unsecured loan agreement (the "Facility") announced on 10 February 2026 (the "Facility Announcement") taking the total amount drawn down to £1,150,000. The Facility, with Dr Andy Butler, CEO and a director of the Company, is for up to a total amount of £1.5 million. The funds are to be used to cover additional capital requirements associated with the proposed acquisition of a portfolio of oil and gas production, development and exploration assets (the "Proposed Acquisition") and to provide the Company with additional working capital, as indicated in the Facility Announcement.

 

Discussions on the Proposed Acquisition remain at an advanced stage and the Company's board of directors is hopeful of a satisfactory outcome. However, there can be no certainty that a binding sale and purchase agreement will be executed or that the Proposed Acquisition will complete, nor the terms or timing of either thereof.

 

The Company will provide further information on the Proposed Acquisition in due course.

 

 

 

ENDS

 

For further information, please contact:

 

Sunda Energy Plc
Andy Butler, Chief Executive
Rob Collins, Chief Financial Officer
Tel: +44 (0) 20 7770 6424
Allenby Capital Limited (Nominated Adviser and Joint Broker)
Nick Athanas, Nick Harriss, Ashur Joseph (Corporate Finance)
Kelly Gardiner (Sales and Corporate Broking)
Tel: +44 (0) 203 328 5656
Hannam & Partners Advisory Limited (Advisor and Joint Broker)
Neil Passmore (Corporate Finance)
Leif Powis (Sales)
Tel: +44 (0) 20 7907 8502
Celicourt Communications (Financial PR and IR)
Mark Antelme, Philip Dennis, Charles Denley-Myerson
Tel: +44 (0) 20 7770 6424
sunda@celicourt.uk

 

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