Sunda Energy CEO on Timor-Leste PSC setback; New Zealand & Philippines progress

Sunda Energy (AIM:SNDA) CEO Andy Butler joined Proactive's Stephen Gunnion to discuss the latest update on the Chuditch Production Sharing Contract in Timor-Leste and what it means for the company's development plans.
Butler explained that after the current PSC phase expired, Sunda had sought an extension to move into drilling, but received a termination notice instead, creating uncertainty around the project. He outlined what prevented drilling last year, with logistical and local content issues ultimately raising health and safety concerns. "We were ready to do it last year, and it was out of our control," he said.
The interview also covered efforts to secure alternative drilling arrangements, including a collaboration with Finder Energy, as part of Sunda's broader push to diversify its portfolio.
Butler pointed to progress in New Zealand, where an acquisition process and regulatory approvals are advancing, and in the Philippines, where technical studies and seismic processing are underway.
He said Sunda plans to engage constructively with Timor-Leste's regulator to clarify its position, while continuing to build value through its other assets.
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