Sunda Energy Plc · LSE:SNDA
Sunda Energy — Corporate Update (May 2025)
13 slides from Sunda Energy's corporate update, May 12, 2025
Slide 1: General Meeting Company Update
General Meeting Company Update 12 May 2025 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 on gas in SE Asia and a key asset in Timor-Leste Thailand Cambodia Philippines Why Sunda and SE Asia? ✓ Robust energy demand growth ✓ Strong government alignment Brunei Bid blocks ✓ Mat
Slide 4: Timor-Leste Operating Environment and Government Alignment
Timor-Leste Operating Environment and Government Alignment Briefing with H.E. ▪ Young, democratic republic, with President José Ramos-Horta, major development challenges April 2025 ▪ Economy dependent on Bayu Undan gas revenues (late life) and Petroleum Fund ✓ >80% GDP since independence from Bayu U
Slide 5: Timor Sea gas fields, key players and infrastructure
Timor Sea gas fields, key players and infrastructure Timor-Leste Gas Assets Appraisal: Chuditch (Sunda): ✓ 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 (Woodside): ✓ On
Slide 6: Chuditch: A Material National Gas Asset
Chuditch: A Material National Gas Asset PSC TL-SO-19-16 Working Interests: ✓ Sunda 60% (op), TIMOR GAP 40% (to May 2025) ✓ Sunda 30% (op), TIMOR GAP 70% (from May 2025) Highlights ✓ Chuditch gas field discovered by Shell in 1998 ✓ 64m water depth, gas encountered at 2,890m subsea ✓ Reprocessed 3D se
Slide 7: High Impact Appraisal Drilling to Accelerate Development
High Impact Appraisal Drilling to Accelerate Development ✓ Plan to drill and test during Q3 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) Depth to Top Plover Reservoir COMPANY PRESENTATION | 6
Slide 8: Funding Chuditch-2 Drilling Campaign
Funding Chuditch-2 Drilling Campaign Gross proceeds of US$9.0 million ✓ Drill funding completed through raised through issuance of unsecured ✓ Sunda Energy retains a a combination of second phase redeemable convertible loan notes* material 30% working farmout to TIMOR GAP and a Funds to be drawn dow
Slide 9: Status of Preparations for Drilling
Status of Preparations for Drilling Time Depth chart for drilling of Chuditch-2 ▪ Rig Contract almost ready to sign Preparation ▪ Approvals processes ongoing ▪ Safety Case preparation well advanced Drilling ▪ Many other key contracts in place / ready to go ▪ Environmental Impact Statement Casing ▪ P
Slide 10: Export Concept: Pipeline via Bayu Undan to Timor-Leste LNG
Export Concept: Pipeline via Bayu Undan to Timor-Leste LNG ✓ MOU signed with Ministry and TIMOR GAP, Dec 2024 ✓ Facilities Feasibility Study expected to complete May 2025 Timor-Leste LNG ✓ Simple phased development ✓ Gas export via pipeline to Bayu Undan, then to LNG facility on Timor-Leste ✓ Long t
Slide 11: New Business: Philippines Licence Round Applications
New Business: Philippines Licence Round Applications ✓ Sunda actively pursuing new gas assets in SE Asia, targeting material gas assets with low entry costs ✓ Applications in Philippines 1st Bid Round (BARMM) ✓ Applications in Joint Venture with 3 other companies ✓ Sunda expects to hold a 37.5% non-
Slide 12: 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 | 11
Slide 13: 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