6th Nov 2026 18:26
Sunda Energy PLC - Philippines- and Timor-Leste-focused gas company - Says, in preparation of its acquisition of Matahio Energy NZ Ltd from Matahio Ventures Pte Ltd, it is working with the seller to develop operational plans and budgets for 2027. Says assets under acquisition continue to perform well, with an average of 1,059 barrels of oil equivalent per day in the nine months ended September 31, up 3.0% from 1,028 boepd the previous year. Elsewhere, Sunda Energy reports "good" ongoing progress in the Philippines on various evaluations. Sunda announced a sale and purchase agreement to conditionally acquire Matahio in April.
Current stock price: 1.22 pence, closed up 4.2%
12-month change: down 49%
By Niall Holden, Alliance News reporter
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