Sunda Energy plc has been registered as the new name for Baron Oil plc. The company is currently preparing financing to drill an appraisal well in the Chuditch field, offshore Timor-Leste. In June, Sunda entered year three of the production sharing contract and aims to begin planned operations in 2025.
Tag: Baron Oil plc
Baron enters year three of Chuditch PSC
Baron Oil plc has entered year three of the Chuditch production sharing contract as it continues to prepare financing for an appraisal well, offshore Timor-Leste. DISCUSSIONS Subsidiary SundaGas holds a 60% working interest in the joint venture with state-owned Timor Gap Chuditch Unipessoal Lda. For the third year, which began on 19 June, the partners […]
Baron Oil NED buys 6m shares
Baron Oil plc independent non-executive director Dr John Chessher has bought 6 million ordinary shares of 0.025 pence each in the company at an average price of 0.0864 pence per share. The £5,184 purchase took place on 10 June 2024. Dr Chessher’s total beneficial shareholding in Baron Oil is now 6m ordinary shares, representing approximately […]
Baron Oil chairman buys 30m shares
Baron Oil plc independent non-executive chairman Gerry Aherne bought 30 million ordinary shares of 0.025 pence each in the company, at an average price of 0.06825 pence per share. The 6 June transaction for £20,475 takes Mr Aherne’s total beneficial shareholding in the company to 60m ordinary shares. The figure represents approximately 0.24% of Baron’s […]
Baron Oil chairman buys 30m shares
Baron Oil plc independent non-executive chairman Gerry Aherne has bought 30 million ordinary shares of 0.025 pence each in the company, at a price of 0.0676 pence per share. Mr Aherne’s total beneficial shareholding of 30m shares represents approximately 0.12% of the company’s current voting rights. The £20,280 purchase took place on 28 May.
Baron Oil to change company name
Baron Oil plc plans to change its name to Sunda Energy plc, reinforcing its “unambiguous” focus on southeast Asian energy markets. DEMAND The company’s project is the offshore Timor-Leste TL-SO-19-16 production sharing contract, where the Chuditch-2 appraisal well is due to be drilled. Baron said it was concentrating on potential Chuditch drill funding partners and […]