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New Zealand Petroleum and Minerals granted Matahio NZ Onshore Limited (MNO) a 10-year petroleum mining permit (PMP) for the Puka oil and gas field and Oru exploration prospect on 13 August 2026. Sunda Energy Plc previously announced a conditional acquisition of MNO's parent company, Matahio Energy NZ Limited, on 8 April 2026. This acquisition remains conditional on New Zealand government approval for change of control, with completion targeted for September 2026.
| Date | 13 Aug 2026 |
| Time | 10:05:01 |
| Category | Miscellaneous |
| ID | 5770Q |
13 August 2026
Sunda Energy Plc
("Sunda" or "Sunda Energy" or the "Company")
Grant of Petroleum Mining Permit to Matahio New Zealand
Sunda Energy Plc (AIM: SNDA), the AIM-quoted exploration and appraisal company focused on gas assets in the Asia-Pacific region, notes the announcement today by New Zealand Resources Minister, the Hon. Shane Jones, that regulator New Zealand Petroleum and Minerals has granted Matahio NZ Onshore Limited ("MNO") a 10-year petroleum mining permit ("PMP") in the onshore Taranaki region (https://www.beehive.govt.nz/release/puka-field-mining-permit-application-approved). The new PMP covers the Puka oil and gas field and Oru exploration prospect. Restarting production from Puka and drilling the Oru-2 exploration well are key components of Sunda's investment plan in New Zealand following completion of the conditional acquisition of MNO's parent company Matahio Energy NZ Limited, as announced by the Company on 8 April 2026 (the "Transaction"). The Transaction remains conditional, inter alia, on New Zealand government approval for change of control and the Company is working towards completion of the Transaction in September 2026.
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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