Sunda Energy Plc · LSE:SNDA
Sunda Energy — Investor Presentation (October 2024)
20 slides from Sunda Energy's investor presentation, Oct 21, 2024
Slide 1: Building an Asian Gas Champion
Building an Asian Gas Champion Company Presentation October 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 and Gas
SE Asia and Gas SE Asia Gas Production and Demand PJ SE Asia expectations: ✓ GDP growth to continue to underpin energy demand ✓ GDP of 4 SE Asia economies to grow >3x by 2050 (Indonesia, Malaysia, Philippines & Vietnam) ✓ 186% increase expected in gas demand by 2050 Source: The Role of Natural Gas i
Slide 6: Gas is a Key Transition Fuel in Asia
Gas is a Key Transition Fuel in Asia Gas is and will continue to be a key transitionary fuel in Asia’s SE Asia fuel for electricity generation decarbonisation efforts. ✓ All SE Asia’s energy sources are growing in usage to meet the regions robust increases in power demand. PJ ✓ By 2050, 40% of SE As
Slide 7: Reducing SE Asia's Reliance on Coal
Reducing SE Asia’s Reliance on Coal New and existing coal-fired power plants • Coal’s continued growth in the region needs to be combated in order for SE Asia to meet its decarbonisation goals. • Regional net-zero goals: • Singapore – 2050 • Indonesia – 2060 • Malaysia – 2050 • Increased uptake in g
Slide 8: Timor-Leste Operating Environment: Unique Partnerships
Timor-Leste Operating Environment: Unique Partnerships Farm-Up Deal between SundaGas1 and TIMOR GAP2 ▪ Young, democratic republic, with substantial development challenges 80% ✓ Economy dependent on Bayu Undan revenues Paying costs Share (now depleted) and Petroleum Fund ✓ Keen to see the development
Slide 9: 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): ✓ Still providing gas to Australia domestic market Pre-Development: Sunrise (Wood
Slide 10: 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 11: High Impact Appraisal Drilling to Accelerate Development
High Impact Appraisal Drilling to Accelerate Development ✓ Preparations for appraisal drilling progressing well ✓ Appraisal 5.1 km from discovery, in 68m water ✓ 149m gas column expected (30m at Chuditch-1) ✓ Rig negotiations ongoing, funding being finalised Depth to Top Plover Reservoir COMPANY PRE
Slide 12: 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% ✓ Ave. Net pay permeability Ichthys LNG 195mD ✓ Gas saturation 85.5% XX MMscfd = indicative flow
Slide 13: Significant Additional Volumes Expected Along Chuditch Ridge
Significant Additional Volumes Expected Along Chuditch Ridge Greater Sunrise Chuditch NE Eni Block P Bayu Undan (same scale) gas Chuditch migration Chuditch-1 Chuditch SW Quokka Chuditch Top Plover Fm. Top Plover Fm. Depth Depth (m) (closure isopachs above spill) Chuditch-1 Pmean Contingent Resource
Slide 14: Example Chuditch Field Development Concept
Example Chuditch Field Development Concept Indicative Gas Production Profiles* Chuditch Engineering Concept Study Chuditch NE ✓ Simple phased development concept Chuditch ✓ Long term plateau >300 MMscfd gas can deliver reliable feedstock to LNG facility ✓ Equivalent to >2.0+ MMtpa of LNG ✓ Export vi
Slide 15: 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 16: 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 17: 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 18: 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 | 17
Slide 19: 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 20: 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