Sunda Energy PLC (AIM:SNDA) CEO Andy Butler tells Proactive's Stephen Gunnion that its New Zealand acquisition is a genuine turning point — shifting the company from a junior explorer with no revenues into a producer generating "significant revenues at a time of elevated prices."
The deal brings three producing fields delivering around 1,000 barrels of oil equivalent per day, priced well below comparable market transactions. Cash flow from New Zealand will help fund development and exploration across the broader Asia-Pacific portfolio, including assets in Timor-Leste and the Philippines.
The near-term highlight is the Oru-2 well — a low-risk, high-impact opportunity with a 63% chance of success that sits close to existing infrastructure and could more than double production in a relatively short timeframe.
Watch the full interview to understand how Sunda Energy is positioning itself for growth across the Asia-Pacific energy market, and what this acquisition means for its future strategy.
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