Member Info for Shouston

"The extension has been granted on the condition that best endeavours are made by the Company to drill the Chuditch-2 appraisal well within 2025 and the extension of a bank guarantee to cover the duration of the extension period."

Maybe still possible for drill in 2025.

Lets see.

LOL,

Its still there. Must be losing today...

Any reason why my posts are being taken down.

All I asked was to get yourself to AGM and its been deleted?

Why would you ask that to be done?

Get to the AGM and tell him your frustrations.

https://www.**********.co.uk/rns/announcement/97c70deb-9a21-4df9-a475-05bf20376044/

GRANTED.

Further to its announcement of 16 June 2025, Sunda Energy Plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, announces that its wholly owned Timor-Leste subsidiary SundaGas Banda Unipessoal, Lda. ("SundaGas") has today received from upstream regulator Autoridade Nacional do Petróleo a 12-month extension for Contract Year 3 of the TL-SO-19-16 Production Sharing Contract (the "PSC"). Contract Year 3 of the PSC will now expire on 18 June 2026.

My understanding is that this agreement is not related to SNDA, and only with Santos

"Business Today reported that the agreement, which is set to begin on February 1, aims to support Santos’ offshore operations in the Bayu-Undan region"

"Two state-of-the-art Leonardo AW189 helicopters will be deployed to shuttle between Dili, Timor-Leste, and Darwin, Australia, ensuring high-performance standards in offshore environments, the report added."

Was it a bit foolish for SNDA to think we could get access to these two helicopters.

Despite the size of Weststar, they do not have enough assets with the right range to support our immediate requirements. (maybe they originally stated they would have assets to support us.

Rather looking forward to the PSC extension RNA.

After all, if that is not granted the company is almost worthless.

Meadow, If any member believes 100% what is written on these boards, then more fool them.

Fixed dates often change for reasons out with ones control.

Reputable contractors keen to get the business often overstate their capabilities.

Cornerstone investors maybe not what they seem.

Read everything and draw your own conclusions.

I’m posting this once and once only by exception. It goes without saying that like many I was blindsided this morning. I have spoken with two board members and in brief summary:

- phillipines signing ceremony could be any time but would usually get a fortnights notice; it’s a rubber stamp.

- they were blindsided by the contractor re the helicopters. Based on what I understand (and for what it’s worth I believe him) they were less than transparent in due diligence but when pressed based on various penalty clauses in the contract and given the size of the operation they acknowledged they couldn’t proceed.

- I asked how they could be sure such procurements could be made by early next year. My understanding is there is significant government pressure on the contractor to do so and they risk losing other contracts on other matters if they fail a second time.

- they seem relaxed about funding. Since the CLN there have been parties approach them about follow on development funding in the hope of getting in early pre drill. They believe , although they have not tested, that these can be expanded to cover wider appraisal early next year. Given the CLN was done in a rush when the terms re timeframes from their preferred party were unacceptable they believe they have plenty of time to come to a much better funding deal when there back isnt up against a 2 week wall (which is what they were left with to stay on track).

- they are very disappointed but believe better equity value with less dilution if they can negotiate better deal will in the end be better for shareholders. They can’t guarantee but are confident.

- cash not a major problem as guarantees for rig have been or will be released so less restricted cash tied up.

- reviewing other opportunities - have highgraded.

- generally bullish re follow on development

I’m very annoyed and it appears they were blindsided and had the wool pulled over their eyes. These delays are unfortunately not uncommon in the sector.

Only post as it was a big RNS.

Ps the large trade was off book and reported to the market. The buyer paid a premium to secure higher volume.

It did cross my mind that you went, "all in" yesterday M8.

So it wasn't you?

But yes massive trade, and if my memory serves me well, we have never seen a trade like this before?

...

Fully agree with Sliver!

This BB is extremely informative and quite friendly.

A lot have already met physically/virtually.

Today was a big kick in the bum. No kidding!

But your endeavours to reach out to the board and get answers is commendable.

No need to flaunt off... especially after indicating this Gherkin could have a 'Silver' lining.

I hear greeboxing can help the situation. Never done so myself.

Hold tight?

Sliver, I think today has done you in.

Reading his past posts since May 2024 (not two weeks). He seems clued up.

I feel the post is a genuine recount of his conversation. And yes thanks for posting it.!! It seems plausible.TL seem to be adding their weight also to get it done.

The last statement on premium pricing, we'll let's see if Mr Frog gets his bag!!!

But who wants to hoover up SNDA?

UT was at 0.0256.

If "thegoogle" is correct then Froggy has just bagged!!!

CFD , ahem....does your wife have access to your trading account per chance 😉

Hmmmm.

It's the price paid that intreagues the most.

Not been at 0.0432 since May 29th.

Buy or sell £450,000 is a serious trade, the like not seen here before.

3.6% of the company.

28 billion in total and the trade was 1.04 billion.

Time Trade Price Volume Value

14:01:52 0.0432 1,041,864,381 450.09k O

Anyone owning up to this.

Print from today at a large premium to prices seen all day???

Should see this within a few days

Just under 2 billion traded today.

Both the bid and ask are gently ticking up.