Sunda Energy Plc (SNDA.L) is an independent gas-focused exploration and production company listed on the AIM market of the London Stock Exchange, specializing in the maturation and development of gas resources in Southeast Asia for growing regional energy markets. Incorporated in 2004 and headquartered in London, United Kingdom, the company operates primarily through its wholly owned subsidiary SundaGas Banda Unipessoal Lda., holding a 60% working interest and operatorship in the TL-SO-19-16 Production Sharing Contract (Chuditch PSC) offshore Timor-Leste, which encompasses the highly prospective Chuditch gas field; it also maintains non-operated 37.5% interests in two Petroleum Service Contracts, SC-80 (PDA-BP-2) and SC-81 (PDA-BP-3), located in the southwest Sulu Sea offshore the Philippines. Its core activities include seismic reprocessing and interpretation, technical studies, appraisal drilling—such as the planned Chuditch-2 well with drill-stem testing expected in H1 2026—and pursuit of additional opportunities in the region to support gas exploration, appraisal, and early development.
Geographically, Sunda Energy targets high-growth gas markets in Southeast Asia, including Timor-Leste and the Philippines' Bangsamoro Autonomous Region of Muslim Mindanao (BARMM), serving as operator or partner in contracts that leverage extensive regional data, prior discoveries like Dabakan and Palendag, and government incentives for indigenous gas development.
In recent developments, the company secured $9 million in new investment to support Timor-Leste gas drilling in April 2025 and raised equity financing via an oversubscribed WRAP Retail Offer in October 2025 alongside operational updates; it signed a Memorandum of Understanding (MoU) in December 2024 with Timor-Leste's Ministry of Petroleum and Mineral Resources and TIMOR GAP for phased Chuditch PSC development targeting first production by 2028 via Bayu-Undan LNG export; received a 12-month extension to Contract Year 3 of the Chuditch PSC in June 2025, now expiring June 2026; and was awarded the two Philippine exploration blocks (SC-80 and SC-81) in October 2025 as part of BARMM's 1st Conventional Energy Bid Round.