Member Info for wwal17

@oiltdr

AI

*Sunda hasn’t published a firm capex number for the Q4 2026 NZ drill yet. But we can work it out from their RNS + NZ onshore benchmarks.*

*The drill: Oru-2 exploration well, Puka permit*

1. *Timing*: “Scheduled for late 2026 or early 2027”. Sunda says “most likely during Q4 2026 or Q1 2027”.

2. *Well type*: Onshore Taranaki exploration/appraisal well. 2,400m depth target, 2U prospective resources 2.4 MMboe.

3. *Prep done*: “Many of the surface preparations…including procurement of long-lead items and construction of a drill pad” already completed. Well programme approved by independent examiner. 9dd601f8

*Estimated cost*

Sunda hasn’t given $ for Oru-2. Using NZ onshore Taranaki rates for 2024-2026:

**Cost item** **Estimate**

**Drilling + completion** NZ$6m - NZ$9m / US$3.6m - US$5.4m

**Why** Shallow onshore vertical well 2000-2500m. Cheal/Sidewinder wells historically US$3-5m. Oru is “low risk” 63% chanceso no sidetrack budget.

**Sunda 100% WI** They own 100% of Puka permit, so full cost.

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For comparison: Supplejack P&A/decomm is £625k. Drilling costs 10x more than plugging. 01f8

*Total Q4 2026 NZ drill budget = ~US$4-5.5m*

*How Sunda plans to fund it*

1. *Matahio acquisition cash flow*: Assets do ∼1,000 boepd, 80% oil. At US$70 oil, EBITDA ~NZ$15-20m/yr. So they can self-fund the drill from NZ production.

2. *No drill-specific raise yet*: April 2026 fundraising of £6.7m was for the Matahio acquisition, not drilling.

3. *Contingent payments*: Acquisition has US$1m-US$13m contingent payments “depends on outcome of planned exploration drilling”. So if Oru-2 is a discovery, Sunda pays more to Matahio sellers later. cd8e01f8

*Key point*: Unlike Chuditch-2 offshore well which needs US$40m+, Oru-2 is a cheap onshore well. Sunda can fund it from existing NZ cash flow once Matahio deal closes. That’s why CEO Butler called NZ assets “comfortable profitable at EBITDA.

I know what you’re saying but Sunda put the finance package together (albeit a very poor one via CLNs) and the powers that be put a barrier in the way in terms of helicopter gate. Commitment runs both ways.

I agree, I am bothered, anyone who has been here longer than 5 minutes is here for chuditch. To pile so much of pi money into a project that can’t get a drill in the ground would be a failure of epic proportions. Remains to be seen around NZ and Philippines, both got potential but we want to see the chuditch potential realised first. There’s more to this diversification if you ask me, we don’t need another dunrobin!

That you’re a complete gimp!

Https://m.youtube.com/watch?v=-nFTFcTvDTA&pp=ygUOcHJvc3BleCBlbmVyZ3k%3D&ra=m

If link doesn’t work, latest video on YouTube

stay safe *************c/1355250309/76918, here tom outlines drill funding plans.

Who is prepared to sell you at 2.1 is my concern.

Cdf1 you must have a bottomless pit of cash.

scam****er best ignored, just your average swing trading troll. ab just threw £1.5m at this, he knows better than anyone, especially chancers looking for their friday ale money.

Sell up and move on then yer bore.

Maybe take your own advice that you have ian12.

Happy Friday genuine holders!

That’s not a knife…

Let’s just hope the Timor Leste authorities are genuine trustworthy people, if not, they run the risk of putting off bigger serious players. Would you want to invest in a country that blocks progression? Sunda have immersed themselves in the Timorese culture, promoting education and building schools. It’s time that is rewarded.

All good and fair pints but one question that remains amongst shareholders is why the apparent block with the helicopter excuse if chuditch is as vital as we hope? Who benefits from a stalled drill, not sure it’s long term Sunda shareholders. There will be news soon as we come to a cash cliff edge, good or bad, I haven’t a clue.

Does anyone ever take this 🤡 seriously? They have serious mental health issues, why would you hang around a stock you have no interest in? Seek help mate.

Unfortunately Andy Butler isn’t in any of those photos!

All nice to hear but clock is ticking for Sunda, all these posts CDF are relevant to the wider Timor gas project but not sure it will come in time to benefit Sunda shareholders who are already under water.

So why does nobody appear to want to fund it? Best we could do last time was a lame CLN, what do we pay this CFO for it that’s the best he can muster? Working capital needed soon I doubt, we need news, and good news fast, they need to pull their fingers out and stop taking pis for mugs.

Which begs the question, why hasn’t he struck a funding deal yet?

“ Because larger players want operatorship and a minimum of 35pc ”. We can afford to give this up imo for a feee carry, take less of the big pie AB rather than obliterating long term supporters.