Business
Draw down from loan facility
Sunda Energy Plc has drawn down an additional £750,000 from its £1.5 million unsecured loan facility with CEO Dr. Andy Butler, bringing the total drawn to £1,150,000. These funds are designated for capital requirements related to a proposed acquisition of oil and gas assets and for general working capital. While discussions for the acquisition are advanced, the company cautions that there is no certainty of a binding agreement or completion. Disclaimer*
About this update from Sunda Energy Plc
[{"type":"text","content":"\n\n26 March 2026\nSunda Energy Plc\n(\"Sunda\" or \"Sunda Energy\" or the \"Company\")\n \nDraw down from loan facility\n \nSunda Energy Plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, announces that it has drawn down a further £750,000 from the unsecured loan agreement (the \"Facility\") announced on 10 February 2026 (the \"Facility Announcement\") taking the total amount drawn down to £1,150,000. The Facility, with Dr Andy Butler, CEO and a director of the Company, is for up to a total amount of £1.5 million. The funds are to be used to cover additional capital requirements associated with the proposed acquisition of a portfolio of oil and gas production, development and exploration assets (the \"Proposed Acquisition\") and to provide the Company with additional working capital, as indicated in the Facility Announcement.\n \nDiscussions on the Proposed Acquisition remain at an advanced stage and the Company's board of directors is hopeful of a satisfactory outcome. However, there can be no certainty that a binding sale and purchase agreement will be executed or that the Proposed Acquisition will complete, nor the terms or timing of either thereof.\n \nThe Company will provide further information on the Proposed Acquisition in due course.\n \n \n \nENDS\n \nFor further information, please contact:\n \n\n\n\n\nSunda Energy Plc\nAndy Butler, Chief Executive\nRob Collins, Chief Financial Officer\n \n\n\nTel: +44 (0) 20 7770 6424\n\n\n\n\nAllenby Capital Limited (Nominated Adviser and Joint Broker)\nNick Athanas, Nick Harriss, Ashur Joseph (Corporate Finance)\nKelly Gardiner (Sales and Corporate Broking)\n \n\n\nTel: +44 (0) 203 328 5656\n\n\n\n\nHannam & Partners Advisory Limited (Advisor and Joint Broker)\nNeil Passmore (Corporate Finance)\nLeif Powis (Sales)\n \n\n\nTel: +44 (0) 20 7907 8502\n \n\n\n\n\nCelicourt Communications (Financial PR and IR)\nMark Antelme, Philip Dennis, Charles Denley-Myerson\n\n\nTel: +44 (0) 20 7770 6424\[email protected]\n \n\n\n\n\n \n\n","length":5138,"tagName":"div"}]