Sunda Energy PLC (AIM:SNDA) CEO Andy Butler talked with Proactive about the company’s recent progress and strategic shift following the release of its interim results.
Butler outlined key developments, including Sunda Energy’s refocused strategy towards Southeast Asia and its core assets in Timor-Leste. He discussed the company’s milestone achievements, such as increased participation from Timor Gap and its alignment with regional governments.
“We see gas markets that are very strong, with sustained economic growth,” Butler said, emphasising the potential in Timor-Leste, especially with the Chuditch gas project. Sunda Energy also applied for offshore licenses in the Philippines, underscoring its commitment to growth in the region.
Looking forward, Butler highlighted key areas of focus, including funding for upcoming drilling in 2024 and potential new opportunities in the Philippines. With government and shareholder support, Sunda Energy is well-positioned to capitalize on Southeast Asia’s energy market.