Sunda Energy has set the wheels in motion to ensure its drilling plans for an appraisal well at a gas field off the coast of Timor-Leste can move forward by reaching a non-binding letter of intent (LOI) with an undisclosed drilling contractor regarding commercial negotiations for a definitive deal.

SundaGas Sunda Energy Baron Oil Southeast Asia Banda Unipessoal Leste Exploration Production Dr Andy Butler Chief Executive Officer Chuditch Field Autoridade Nacional Mineral Resources UK-based AIM-listed TL-SO-