Sunda Energy PLC (AIM:SNDA) CEO Andy Butler tells Proactive's Stephen Gunnion that its Chuditch gas project in Timor-Leste is no small opportunity — the field holds an estimated 1.2 trillion cubic feet of gas, equivalent to around 200 million barrels of oil, with the potential to generate billions in revenues.
"For us as a junior oil and gas company, it is an extraordinarily large resource," Butler says, adding that the project has "fantastic potential for value realisation as you take it forward."
Environmental approvals are already in place, and Sunda is collaborating with Finder Energy to secure drilling infrastructure and reduce costs ahead of its planned drilling campaign. Butler also points to the broader strategic fit, with Chuditch positioned to supply gas into high-demand Asia-Pacific markets where energy security is becoming an increasingly pressing concern.
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