Sunda Energy plc has started an environmental baseline survey ahead of drilling the planned Chuditch-2 appraisal well, offshore Timor-Leste. SCHEDULE The survey vessel ‘Outer Limit’ will undertake extensive sampling of the marine environment before completion within five days. Sunda will incorporate the survey results and analysis into the environmental impact statement needed as part of […]
Tag: Chuditch field
Sunda puts back Chuditch-2 spud date
Sunda Energy plc expects the spud date to defer to the second quarter of 2025 for the Chuditch-2 appraisal well offshore Timor Leste. RIG The company, which had targeted early 2025 subject to financing, continues to advance funding for the TL-SO-19-16 production sharing contract with Pacific LNG. Preparations for drilling continue with negotiations for its […]
Sunda signs exclusivity deal for Chuditch drill
Sunda Energy plc has entered into an exclusivity agreement to fund drilling the Chuditch-2 gas appraisal well under the TL-SO-19-16 production sharing contract, Timor-Leste. RIG The company said that any investment from private Singapore investor Pacific LNG Operations Pte Ltd would be through equity issued from a Sunda subsidiary. The agreement contains “carve-outs” for several […]
Baron chooses new Chuditch-2 drill site
Baron Oil plc has chosen a new drill location after finding the original site unsuitable for a jack-up rig for the Chuditch-2 appraisal well, offshore Timor-Leste. DRILL PLANS A now completed geotechnical survey, focused on physical studies of the seabed, revealed that the initial chosen area was an irregular seabed unsuitable for a jack-up drilling […]
Baron Oil raises £3m for Chuditch appraisal
Baron Oil plc raised £3.26 million via a placing, subscription and retail offer of a total 6,528,023,360 new ordinary shares of 0.025p each in the company, at 0.05 pence per new ordinary share. DIRECTORS’ DEALINGS The oversubscribed placing and subscription conditionally raised net proceeds of £2.7m for 6bn new ordinary shares. Chief executive officer Andrew Yeo subscribed for 12m […]
Baron Oil extends Chuditch-2 drilling schedule
Baron Oil plc’s subsidiary has secured a six-month extension to the production sharing contract ahead of committing to drilling the Chuditch-2 appraisal well, offshore Timor-Leste. PREPARATIONS The PSC for the company’s wholly owned subsidiary and operator SundaGas Banda Unipessoal Lda now ends on 18 June 2024. A formal decision on whether to enter the drilling phase for […]