Sunda Energy Plc · LSE:SNDA
Sunda Energy — Investor Presentation (May 2026)
28 slides from Sunda Energy's investor presentation, May 2026
Slide 1: An Independent Asia-Pacific Energy Champion
An Independent Asia-Pacific Energy Champion Company Presentation May 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: Introductions: Experienced board with 'skin in the game'
Introductions: Experienced board with ‘skin in the game’ Executive Leadership Independent Governance Dr Andy Butler Gerry Aherne CHIEF EXECUTIVE OFFICER / DIRECTOR INDEPENDENT NON-EXECUTIVE CHAIRMAN ▪ >30 years’ experience as petroleum geologist and ▪ Extensive experience in insurance and financial
Slide 5: 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 balances portfolio whilst allowing Sunda to deliver on potential of existing assets and new growth options ▪ Highly attractive valuation
Slide 6: 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 7: 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 resources1 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 8: New Zealand acquisition: Asset summary
New Zealand acquisition: Asset summary New Plymouth office Integrated E&P portfolio, with oil and gas production Omata and material development and exploration upside Tank Farm ▪ Cheal (PMP 38156) and Cheal East (PMP 60291) Cheal oil and gas production averaged 900 boepd in 2025 Oil delivered by tru
Slide 9: New Zealand development plan
New Zealand development plan Development plan prepared to maintain and grow production, wholly or substantially funded 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 10: 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 11: Potential production upside from Oru exploration
Potential production upside from Oru exploration 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 Ne
Slide 12: Breakdown of acquisition consideration
Breakdown of acquisition consideration Consideration Interim ✓ Effective date = 1 January 2026 Deposit Completion Final Deferred Payment Phase Period (current prices benefit Sunda) expected Q3 2026 to 12 months Timing April 2026 ✓ All figures in US$ millions Q3 2026 Q3 2027 post-Completion Min Mid M
Slide 13: Impact of oil price on New Zealand acquisition
Impact of oil price on New Zealand acquisition (completion + 12 months) Estimated Final payment date Effective Date 1 Jan 2026 Completion date Estimated 80% of oil revenues > $70 / bbl ringfenced for early payment of remaining consideration payable 1 $70.00 sweep threshold $68.33 upper band Final pa
Slide 14: New Zealand acquisition: funding
New Zealand acquisition: funding Approx. Amount Cumulative Cumulative Funding Element ▪ Funding plan designed to date (GBP million) (GBP million) (USD million) CEO Loan 08-Apr £ 0.750 £ 0.750 $ 1.013 ensure certainty of payment for seller Alumni Equity 08-Apr £ 0.900 £ 1.650 $ 2.228 Already drawn /
Slide 15: Update on existing assets
Update on existing assets Philippines 0 SuluSea “ a - mye we Timor-Leste “Chuditch” 4
Slide 16: Timor-Leste: Offshore fields, players and infrastructure
Timor-Leste: Offshore fields, players and infrastructure ▪ Bayu Undan (Santos): • Ceased production, 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 17: 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 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 (where it is planning to take FID by mid-2026) Sunrise ▪ SundaGas and Finder signed LOI to co
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: Sunda Energy: Asset Summary
Sunda Energy: Asset 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
Slide 26: 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 25
Slide 27: Glossary
Glossary Term Definition 1C 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 or exceed the estimate 1P Denotes the low estimate qualifying as Reserves. Reflects a volume estimate
Slide 28: 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