Sunda Energy announced an equity raise of up to £470k through a £240k subscription by board and senior management and a retail offer of up to £230k. The proceeds will provide short-term working capital and support preparations for Chuditch-2 drilling in Timor-Leste as well as initial technical evaluation of the two newly awarded offshore Service Contracts in the Philippines. The subscription was priced at 0.025p/sh (in line with the previous close) and included one warrant for every two shares, ....
