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Sunda Energy plc paid an initial deposit of US$1.5 million to Matahio Ventures Pte. Limited for the conditional acquisition of Matahio Energy NZ Limited and its subsidiary companies. The company also submitted an application to New Zealand government authorities for consent for the change of control of the operating companies of the production and exploration permits.
| Date | 14 Apr 2026 |
| Time | 07:00:06 |
| Category | Miscellaneous |
| ID | 2786A |
14 April 2026
Sunda Energy plc
("Sunda" or the "Company")
Payment of deposit for New Zealand acquisition and submission of change of control application
Sunda Energy plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on oil and gas assets in the Asia-Pacific region, is pleased to confirm that, further to the announcement on 8 April 2026 of the conditional acquisition of Matahio Energy NZ Limited and its subsidiary companies that own and operate 100% of a group of production and exploration permits in New Zealand, the Company has paid the initial deposit to the seller, Matahio Ventures Pte. Limited, in the amount of US$1.5 million.
Sunda is further pleased to inform that the Company has submitted to the New Zealand government authorities the application for consent for the change of control of the operating companies of the production and exploration permits, in line with the requirements set out in the Crown Minerals Act of New Zealand.
ENDS
For further information, please contact:
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Sunda Energy Plc Andy Butler, Chief Executive Rob Collins, Chief Financial Officer
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Tel: +44 (0) 20 7770 6424
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Allenby Capital Limited (Nominated Adviser and Joint Broker) Nick Athanas, Nick Harriss, Ashur Joseph (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking)
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Tel: +44 (0) 203 328 5656 |
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Hannam & Partners Advisory Limited (Advisor and Joint Broker) Neil Passmore (Corporate Finance) Leif Powis (Sales)
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Tel: +44 (0) 20 7907 8502
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Celicourt Communications (Financial PR and IR) Mark Antelme, Philip Dennis, Charles Denley-Myerson |
Tel: +44 (0) 20 7770 6424 |
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Further information on the Company can be found on its website at sundaenergy.com