TRADING UPDATES: Eleco sells subsid; Ilika battery deal with Brompton
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Sunda Energy PLC on Wednesday proposed to raise funds and reorganise its shares, in support of a new acquisition. Read More
(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Wednesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Sunda Energy PLC on Monday reported a widened loss during the first half of 2025, as the company continues to target the resumption of drilling at the Chuditch-2 well in Timor-Leste. Read More
(Alliance News) - Sunda Energy PLC shares rose on Wednesday as it reported progress on its ventures in Timor-Leste and the Philippines. Read More
Sunda Energy PLC - Southeast Asia-focused gas resource company - Secures 12-month extension of the third year of the TL-SO-19-16 production sharing contract, now expiring on June 18 next year. Notes that the extension is conditional on "best endeavours" being made to drill the Chuditch-2 hill appraisal well within 2025 and on the extension of a bank guarantee to cover the new period. Chief Executive Andy Butler says: "This extension is encouraging news, giving the company the time it needs to put in place the requirements for the revised schedule for the Chuditch-2 appraisal well, which we will endeavour to drill as quickly as possible, noting that this is likely to be in H1 2026." Read More
Southeast Asia-focused gas asset exploration and appraisal firm - Announces that the planned Chuditch-2 appraisal well is now expected to be drilled in the first half of 2026. The well, on the Chuditch field in the TL-SO-19-16 production sharing contract, had been planned for drilling by Sunda's wholly-owned Timor-Leste subsidiary, SundaGas, in the second half of 2025. Sunda says the delay is due to the absence of certain essential logistical services, leaving it unable to execute a definitive, agreed form rig contract. Says the joint venture partners have already applied for a 12-month extension of the PSC's current phase. Both SundaGas and its state-owned JV partner have agreed to terminate the farm-in agreement signed in April, but have agreed to discuss other partnering arrangements, "including a potential revised farm-in on substantially the same terms". "While this temporary delay is frustrating, the significant value to Sunda and its shareholders remains," Chief Executive Officer Andy Butler says. "We are...already working to establish a plan for timely drilling in 2026...building on the extensive preparations that have been carried out to date." For the Chuditch-2 well, the final environmental permit is expected to be issued during the third quarter of 2025. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - Sunda Energy PLC on Monday said its loss widened during 2024 on increased expenses, as the firm looks to revenue generation in the near future. Read More
(Alliance News) - London opened in the red on Thursday amid a weakened economic outlook among UK consumers, and ahead of UK Chancellor Rachel Reeves' meeting with the US Treasury secretary on Friday. Read More
Sunda Energy PLC - Southeast Asia-focused gas resource company - Says subsidiary SundaGas Banda Unipessoal Lda on Friday submitted drafts for publication consultation of the environmental impact statement and environmental management plan for the drilling of the Chuditch-2 appraisal well on the Timor-Leste production sharing contract TL-SO-19-16. The plans were submitted to the Timor-Leste regulator Autoridade Nacional do Petróleo, or the National Petroleum Authority. Read More
(Alliance News) - Sunda Energy PLC on Tuesday announced that a process with Pacific LNG Operations Pte Ltd for to advance funding the Chuditch production sharing contract in Timor-Leste continued to advance. Read More
(Alliance News) - Sunda Energy PLC on Monday reported that its loss in the first half widened as the company continues to make progress with development activity. Read More
(Alliance News) - Sunda Energy PLC on Wednesday said it submitted applications for two offshore licences to expand its Asia portfolio as part of a joint venture. Read More
(Alliance News) - Sunda Energy PLC on Monday said it entered into an exclusivity agreement to secure funding to advance the Chuditch project. Read More
Sunda Energy PLC - oil and gas exploration with assets in UK and Timor-Leste - Confirms change of name to Sunda Energy PLC has become effective. Was previously called Baron Oil PLC. Read More