Acquisition Deposit and Change of Control
Sunda Energy plc has paid a US$1.5 million deposit for its conditional acquisition of Matahio Energy NZ Limited, which holds production and exploration permits in New Zealand. The company has also submitted the required change of control application to New Zealand government authorities, a necessary step under the Crown Minerals Act.
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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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.