Sunda Energy PLC · LSE:SNDA
Sunda Energy — Investor Presentation (December 2024)
18 slides from Sunda Energy's investor presentation, Dec 16, 2024
Slide 1: Building an Asian Gas Champion
Building an Asian Gas Champion Company Presentation December 2024 www.sundaenergy.com
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer The information contained in this document (“Presentation”) has been prepared by Sunda Energy plc (the depend on circumstances that may or may not occur in the future. These forward-looking statements “Company”). The Company is a UK company quoted on AIM, a market opera
Slide 3: Introducing Sunda Energy Plc (SNDA.L) and its gas strategy
Introducing Sunda Energy Plc (SNDA.L) and its gas strategy Vietnam Sunda Energy is an independent E&P with a focus Thailand on gas in SE Asia and a key asset in Timor-Leste Cambodia Philippines Why Sunda and SE Asia? ✓ Robust energy demand growth ✓ Strong government alignment Brunei ✓ Material ancho
Slide 4: Experienced Leadership Team
Experienced Leadership Team Executive Leadership Independent Governance and Guidance Gerry Aherne Dr Andy Butler INDEPENDENT NON-EXECUTIVE CHAIRMAN CHIEF EXECUTIVE OFFICER Extensive experience in insurance and financial Over 27 years of experience in the oil and gas sector, markets. Formerly Investm
Slide 5: SE Asia Energy Demand and the Role of Gas
SE Asia Energy Demand and the Role of Gas New and existing coal-fired power plants SE Asia fuel for electricity generation PJ SE Asia expectations: ✓ GDP of major SE Asia economies to grow >3x by 2050 ✓ 186% increase expected in gas demand by 2050 ✓ By 2050, 40% of SE Asia’s power generation from ga
Slide 6: Timor-Leste: Offshore Gas Projects
Timor-Leste: Offshore Gas Projects Timor Sea gas fields, key players and infrastructure Appraisal: Chuditch (Sunda 60%): ✓ Now Timor-Leste 2nd largest field, appraisal planned Late-Life Production: Bayu Undan (Santos): ✓ Continues to produce gas and liquids after c.20 years Pre-Development: Sunrise
Slide 7: Chuditch PSC Technical Summary
Chuditch PSC Technical Summary Chuditch PSC (Sunda 60%, TIMOR GAP 40%) ✓ Chuditch gas field discovered by Shell in 1998 ✓ 64m water depth, gas encountered at 2,890m subsea ✓ Reprocessed 3D seismic images field for first time ✓ Significant Discovered Resources ✓ Contingent Pmean gas = 1,165 Bcf 1 ✓ C
Slide 8: High Impact Appraisal Drilling to Accelerate Development
High Impact Appraisal Drilling to Accelerate Development ✓ Plan to drill and test in Q2 2025 ✓ Aim to validate resources and conduct flow test ✓ Appraisal 5.1 km from discovery, in 68m water ✓ 149m gas column expected (30m at Chuditch-1) ✓ LOI for rig contract signed; negotiations ongoing Depth to T
Slide 9: Chuditch Lies in Sweet Spot of Jurassic Reservoir Fairway
Chuditch Lies in Sweet Spot of Jurassic Reservoir Fairway 44-77 MMscfd 25 30 MMscfd MMscfd 42-178 MMscfd No flow Good quality reservoir in gas interval ✓ Net to Gross 89.0% ✓ Ave. Net pay porosity 12.4% Ichthys ✓ Ave. Net pay permeability 195mD LNG ✓ Gas saturation 85.5% XX MMscfd = indicative flow
Slide 10: Conclusion of Production Modelling Study (Phase 1)
Conclusion of Production Modelling Study (Phase 1) Chuditch Field (existing) ▪ Detailed simulation model built ▪ Sales gas rate of 200 MMscfd can be sustained ▪ Wells drilled in two phases of 3 development wells ▪ Sales gas volume of 1.12 Tcf produced Chuditch Field and Prospects ▪ Material balance
Slide 11: Export Concept: Pipeline via Bayu Undan to Timor-Leste LNG
Export Concept: Pipeline via Bayu Undan to Timor-Leste LNG ✓ MOU signed with Ministry of Petroleum and Mineral Indicative Gas Production Profiles* Resources and TIMOR GAP, December 2024 Timor-Leste LNG ✓ Simple phased development ✓ Gas export via pipeline to Bayu Undan, then on to LNG facility on so
Slide 12: Business opportunity sets in Sunda Region
Business opportunity sets in Sunda Region Sunda is targeting material SE Asia Bangkok Manila gas assets with low entry costs HCMC Western Region: • Large population centres Bid blocks • Existing infrastructure KL Western • Production / pre-development Sunda opportunities (mostly) Region Singapore Nu
Slide 13: New Business: Philippines Licence Round Applications
New Business: Philippines Licence Round Applications Sunda new business strategy: applications in Philippines ✓ Sunda is actively pursuing new gas opportunities in SE Asia, targeting material gas assets with low entry costs ✓ Applications made in the 1st Bid Round of the Bangsamoro Autonomous Region
Slide 14: Social Responsibility Initiatives in Timor-Leste
Social Responsibility Initiatives in Timor-Leste Established meaningful country presence Preparing CSR Mentoring and plan for local training junior schools local staff Focus on capacity building initiatives in Maximising local Sponsor SPE Timor-Leste Timor-Leste content to greatest extent student ch
Slide 15: Sunda Energy Take-Aways
Sunda Energy Take-Aways Sunda Energy is an emerging Asian gas player ✓ Focus on assets that can supply gas to Asia-Pacific markets ✓ Experienced leadership and operating team based in region ✓ Pursuing impactful new business, e.g. Philippines Bid Round Timor-Leste and Chuditch ✓ Strong government al
Slide 16: Thank You
Thank You Contact Information UK Executive Office: Registered Office: Strategic Communications PO Box 404 2 Leman Street, Advisor: Hastings, TN34 9LF London, E1W 9US, Celicourt Communications United Kingdom United Kingdom Email: [email protected] T: +44 (0) 20 7770 6424 COMPANY PRESENTATION | 15
Slide 17: Annex: Timor-Leste TL-SO-19-16 PSC: Fiscal Terms
Annex: Timor-Leste TL-SO-19-16 PSC: Fiscal Terms Timor-Leste Offshore Gas Fields PSC Fiscal Terms 30% 5% 60% Corporate Royalty Contractor Taxes 100% 22% over 16.5% IRR Cost Supplementary Petroleum Tax Recovery TIMOR GAP Carry Rights 25% Carry TIMOR GAP 25% fully carried extends to first (plus 15% pa
Slide 18: Glossary
Glossary Term Definition Denotes the low estimate qualifying as Contingent Resources. Reflects a volume estimate that there is a 90% probability that the quantities actually recovered will equal 1C or exceed the estimate Denotes the low estimate qualifying as Prospective Resources. Reflects a volume