Sunda Energy Plc · LSE:SNDA
Sunda Energy — Investor Presentation (April 2026)
30 slides from Sunda Energy's investor presentation, Apr 8, 2026
Slide 1: An Independent Asia-Pacific Energy Champion
An Independent Asia-Pacific Energy Champion Company Presentation April 2026 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)
Introducing Sunda Energy Plc (SNDA.L) Building a gas focused portfolio in a region of high demand and governments aligned with the need for energy security Appraisal and Production1 Exploration Development New Zealand Chuditch Philippines Sulu Sea ▪ 1,000 boepd acquisition ▪ 1.2 Tcf Pmean gas ▪ >10
Slide 4: New Zealand Acquisition: rationale and growth plans
New Zealand Acquisition: rationale and growth plans ▪ Acquiring Matahio New Zealand* integrated E&P business, with ~1,000 boepd production ▪ Transformational deal will balance portfolio whilst allowing Sunda to deliver on potential of existing assets and new growth options ▪ Highly attractive valuat
Slide 5: Context: New Zealand gas production and government initiatives
Context: New Zealand gas production and government initiatives Current and Previous Gas Production Forecasts ▪ Domestic gas supply is in rapid decline, with downward revision of production forecast ▪ Electricity demand is rising, and officials warn the Annual Production (PJ) country risks shortages
Slide 6: New Zealand acquisition brings…
New Zealand acquisition brings… Existing resources and production ✓ Production of c.1,000 boepd, material cashflow generation ✓ Reserves with upside contingent and prospective resources Category Oil (MMstb) Gas (Bscf) Barrels of Oil Equivalent (MMboe) 1P 2P 3P 1P 2P 3P 1P 2P 3P Reserves 0.72 2.26 3.
Slide 7: New Zealand acquisition: Asset summary
New Zealand acquisition: Asset summary New Plymouth office Transformational acquisition of an integrated E&P Omata business, giving Sunda c.1,000 boepd production Tank Farm ▪ Cheal (PMP 38156 and PMP 60291) Cheal oil and gas production averaged 900 boepd in 2025 Oil delivered by truck, gas exported
Slide 8: New Zealand: Taranaki Region petroleum systems context
New Zealand: Taranaki Region petroleum systems context Acquisition area Line of section ▪ Oil and gas production from Cretaceous and Tertiary age reservoirs ▪ Remaining potential onshore and offshore 7
Slide 9: Oru-2: Low risk prospect between known fields and discoveries
Oru-2 : Low risk prospect between known fields and discoveries Map derived from S Puka-3 (oil and gas) Douglas-1 (oil) N Douglas-1 seismic data. OWC @ A’ Blue indicates 1257.5m Top MM Reservoir high chance of oil and gas Puka-3 OWC @ 1237.5m Oru-1 on Douglas-1 OWC @ 1257.5m boundary of anomaly Oru-2
Slide 10: New Zealand development plan
New Zealand development plan Development plan prepared to maintain and grow production, funded wholly or substantially from oil and gas revenues ▪ Short term production enhancements through well workovers, pump replacements and facilities de-bottlenecking ▪ Drilling of the Oru-2 exploration well, ex
Slide 11: New Zealand assets: Production plan
New Zealand assets: Production plan Indicative production profile forecast assuming ongoing programme of workovers plus growth from Oru-2 exploration success, followed by 3 more production wells, plus restart of production from Puka field Production profile forecast from Sunda Energy New Zealand bus
Slide 12: Breakdown of acquisition consideration
Breakdown of acquisition consideration Consideration Deposit Completion Interim Final Deferred Payment Acquisition Key Points Phase Period Timing April 2026 expected Q3 2026 to 12 months ✓ Consideration = $US15.0MM Q3 2026 Q3 2027 post-Completion (excluding exploration success) Min Mid Max (<$50 oil
Slide 13: Update on existing assets
Update on existing assets Philippines 0 SuluSea “ a - mye we Timor-Leste “Chuditch” 2
Slide 14: Timor-Leste: Alignment based on need for development
Timor-Leste: Alignment based on need for development Briefing with H.E. President ▪ Young, democratic republic, José Ramos- striving for rapid development Horta, London, April 2025 ▪ Economy has been dependent on gas revenues and Petroleum Fund >80% GDP since independence from Bayu Undan 83% of 2025
Slide 15: Timor-Leste: Offshore fields, players and infrastructure
Timor-Leste: Offshore fields, players and infrastructure ▪ Bayu Undan (Santos): • Ceased producing, possible restart and/or CCS ▪ Greater Sunrise (Woodside): • Ongoing negotiations towards development ▪ Chuditch (Sunda): • Appraise, then develop (to TLLNG via Bayu Undan) ▪ Kuda Tasi – Jahal (Finder)
Slide 16: Chuditch: A material national gas resource
Chuditch: A material national gas resource PSC TL-SO-19-16 Working Interests: ✓ Sunda 60% (operator), TIMOR GAP 40% Highlights ✓ 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 Disco
Slide 17: Chuditch: Structural setting, reservoir and seal
Chuditch: Structural setting, reservoir and seal W Chuditch-1 E Lr Wangarlu seal Chuditch-1 Plover Fm Depth GWC 2920m Good quality reservoir in gas interval • Net to Gross 89.0% • Net pay porosity 12.4% • Net pay permeability 195mD Plover Chuditch reservoir • Gas saturation 85.5% 16
Slide 18: Plan to drill and test the Chuditch-2 well
Plan to drill and test the Chuditch-2 well ✓ Appraisal well to be drilled 5.1 km East Northeast from discovery, in 68m water ✓ 149m gas column expected (versus 30m gas column encountered at Chuditch-1) ✓ Flow test to determine potential gas production rates for development plan Depth to Top Plover R
Slide 19: Collaboration with Finder Energy on drilling campaigns
Collaboration with Finder Energy on drilling campaigns ▪ Finder (ASX:FDR) operates the Kuda Tasi and Jahal (“KTJ”) fields in partnership with TIMOR GAP ▪ Finder preparing to drill 3 development wells on KTJ fields (where it is planning to take FID by mid-2026) Sunrise ▪ SundaGas and Finder signed LO
Slide 20: Timor-Leste gas development: A partnership with a shared vision
Timor-Leste gas development: A partnership with a shared vision ▪ Innovative development concepts to access to TL LNG Timor-Leste LNG ▪ Gas aggregation at Bayu Undan then pipeline to Timor-Leste ▪ Bayu Undan can produce Kelp Deep remaining gas and still has and other potential as large CCS facility
Slide 21: Philippines: Robust energy demand, supportive government
Philippines: Robust energy demand, supportive government ✓ Two blocks awarded in Philippines, October 2025 ✓ Philippines has a growing population and economy and significant energy demand growth ✓ Government implementing various incentives to encourage development of indigenous gas resources Gas SC-
Slide 22: Philippines Sulu Sea: High impact exploration fairway
Philippines Sulu Sea: High impact exploration fairway ✓ SC-80 and SC-81 cover >13,000 km2 of prospective area ✓ SC-80 area previously operated by Sunda team, discovered Dabakan and Palendag with ExxonMobil ✓ Upside gas potential with scale attractive to E&P majors ✓ Seismic reprocessing and geologic
Slide 23: Philippines Sulu Sea: Diverse discovery and exploration portfolio
Philippines Sulu Sea: Diverse discovery and exploration portfolio 22
Slide 24: Circum-Borneo: Regional gas playground for Majors and NOCs
Circum-Borneo: Regional gas playground for Majors and NOCs Borneo island and adjacent basins1 USGS (2020) estimate up to 173 Tcf gas and 6 Bn bbls oil of PHILIPPINES undiscovered resources in the Borneo and Philippine provinces2 Layang-Layang Basin The gas exploration & development trend around Born
Slide 25: Experienced Board with 'skin in the game'
Experienced Board with ‘skin in the game’ Executive Leadership Independent Governance and Guidance Dr Andy Butler Gerry Aherne CHIEF EXECUTIVE OFFICER / DIRECTOR INDEPENDENT NON-EXECUTIVE CHAIRMAN 30 years of experience in oil and gas, as a geologist, Extensive experience in insurance and financial
Slide 26: Sunda Energy: Summary
Sunda Energy: Summary Sunda Energy is applying its experience and expertise to maturing gas resources for delivery to Asia-Pacific energy markets ✓ Experienced leadership team and board ✓ Quality New Zealand production acquisition with excellent valuation metrics and upside ✓ Material Chuditch gas a
Slide 27: Thank You
Thank You Contact Information UK Executive Office: Registered Office: Strategic Communications PO Box 404 201 Temple Chambers Advisor: Hastings, TN34 9LF 3-7 Temple Avenue Celicourt Communications United Kingdom London, EC4Y 0DT Email: [email protected] United Kingdom T: +44 (0) 20 7770 6424 26
Slide 28: 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
Slide 29: New Zealand: Acquisition Valuation Comparisons
New Zealand: Acquisition Valuation Comparisons Market cap EV/2P Reserves EV/Production Company Region Listing (USDmm) $/boe $/boepd Amplitude Energy Ltd Australia ASX 560 17.53 60,468 Beach Energy Australia, New Zealand ASX 2,104 13.98 44,805 Bengal Energy Australia TSX 9 4.70 67,786 Carnarvon Energ
Slide 30: New Zealand Assets: Reserves and Resources
New Zealand Assets: Reserves and Resources Reserves Oil (MMstb) Gas (Bscf) Barrels of Oil Equivalent (MMboe) Permit Field(s) 1P 2P 3P 1P 2P 3P 1P 2P 3P PMP 38156 Cheal 0.47 1.71 2.67 0.52 1.57 2.82 0.56 1.97 3.14 PMP 60291 Cheal East 0.09 0.27 0.44 0.10 0.24 0.37 0.11 0.31 0.50 PMP 53803 Sidewinder