REG - Sunda Energy PLC - Draw down from loan facility

Sunda EnergyAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260326:nRSZ1477Ya&default-theme=true

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                                                   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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRFLFIDVEIEFIR



            Copyright 2019 Regulatory News Service, all rights reserved