REG - Sunda Energy PLC - Award of Chuditch-2 Environmental Licence

Sunda EnergyAnnouncement

10/03/2026 07:00

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RNS Number : 9503V  Sunda Energy PLC  10 March 2026

 

10 March 2026

Sunda Energy Plc

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

 

Award of Chuditch-2 Environmental Licence

 

Sunda Energy Plc (AIM: SNDA), the AIM-quoted exploration and appraisal company
focused on gas assets in Southeast Asia, is pleased to announce that its
wholly owned subsidiary SundaGas Banda Unipessoal, Lda. ("SundaGas"), operator
of the TL-SO-19-16 Production Sharing Contract (the "PSC"), offshore
Democratic Republic of Timor-Leste, has been awarded an Environmental Licence
("EL") for the drilling of the Chuditch-2 appraisal well ("Chuditch-2").

 

As announced by the Company on 10 February 2026, SundaGas submitted final
Environmental Impact Statement ("EIS") and Environmental Management Plan
("EMP") documents earlier this year, following an extensive period of
consultations with, and feedback from, upstream regulator Autoridade Nacional
do Petróleo ("ANP"). Following endorsement of the EIS and EMP by ANP's
Evaluation Committee, award of the EL was approved by His Excellency the
Minister of Petroleum and Mineral Resources, and the 'Category A' EL was
issued to SundaGas by ANP on 9 March 2026. The EL is valid until 9 March 2028
and includes certain conditions, principally around submission of a waste
management plan to ANP prior to operations and for a post-drilling
environmental survey.

 

A copy of the EL along with final versions of the EIS and EMP will be made
available on the Company's website shortly.

 

Further updates regarding operational preparations will be provided in due
course.

 

Dr Andy Butler, CEO, commented:

 

"Award of the Environmental Licence for Chuditch-2 is a major milestone in our
drilling preparations, and the fruit of considerable survey works, studies,
reviews and planning. I thank my colleagues and ANP for the strong
collaborative efforts that went into preparing the extremely thorough EIS and
EMP documents."

 

ENDS

 

For further information, please contact:

 

 Sunda Energy Plc                                                   Tel: +44 (0) 20 7770 6424

 Andy Butler, Chief Executive

 Rob Collins, Chief Financial Officer

 Allenby Capital Limited (Nominated Adviser and Joint Broker)       Tel: +44 (0) 203 328 5656

 Nick Athanas, Nick Harriss, Ashur Joseph (Corporate Finance)

 Kelly Gardiner (Sales and Corporate Broking)

 Hannam & Partners Advisory Limited (Advisor and Joint Broker)      Tel: +44 (0) 20 7907 8502

 Neil Passmore (Corporate Finance)

 Leif Powis (Sales)

 Celicourt Communications (Financial PR and IR)                     Tel: +44 (0) 20 7770 6424

 Mark Antelme, Philip Dennis, Charles Denley-Myerson                sunda@celicourt.uk

 

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