Sunda Energy PLC (AIM:SNDA) CEO Andy Butler tells Proactive's Stephen Gunnion that the Philippines represents one of the company's most exciting growth opportunities, with over 10 trillion cubic feet of prospective gas estimated in the Sulu Sea.
Butler is direct about the appeal: the fiscal terms and returns on successful investments in the region are among "possibly the best in the world," and growing energy demand across Southeast Asia is drawing increasing interest from major players.
Over the next 12 months, Sunda plans to reprocess existing seismic data using modern technology and advance partnership discussions to fund future drilling. Butler says the company's experienced team and longstanding industry relationships put it in a strong position to attract the right partners as activity across the region heats up.
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