Sunda Energy PLC (AIM:SNDA) CEO Andy Butler talked with Proactive's Stephen Gunnion about the company’s latest strategic developments, including a transformational acquisition in New Zealand, progress across its international portfolio, and a strengthened funding position.
Butler outlined how the acquisition marks a major step forward, positioning Sunda Energy as a production-focused company with significant growth potential. He said the deal “takes us to a different level,” highlighting that it introduces immediate production of over 1,000 barrels alongside opportunities to expand through development and exploration.
The CEO also discussed the company’s broader portfolio strategy, describing it as a “three-legged stool” comprising assets in New Zealand, Timor-Leste, and the Philippines. This structure enhances both stability and diversification, while maintaining exposure to high-impact exploration opportunities.
In Timor-Leste, Sunda Energy has entered a collaboration with Finder Energy to support drilling at the Chuditch project, while in the Philippines the company continues to advance a high-impact exploration asset attracting third-party interest.
Butler also detailed a structured financing package designed to support the acquisition and future growth, including institutional backing and a retail offer for existing shareholders.
Looking ahead, he emphasised strong expected news flow, integration of new assets, and further drilling activity as key milestones for the year.
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