Sunda Energy PLC (AIM:SNDA) told investors it has submitted environmental documentation to the Timor-Leste’s oil and gas regulator for the Chuditch-2 appraisal well.
This starts the clock-ticking on a 14-day consultation period, before final documents are submitted and a drill permit can be awarded.
The environmental documents include findings from an environmental baseline survey announced in January.
Chuditch-2 is slated for drilling this year following the signing of a rig contract in December, and it promises to unlock a gas field development that’s seen as a strategically important project for Timor-Leste.