Sunda Energy’s latest update provides the first operational datapoints from the Matahio NZ business since the acquisition was announced. Production for Jan–May 2026 was 1,036boe/d, with Sunda guiding to FY’26 production of 1,052boepd, growth of 2.3% versus 2025. This is slightly below the ~1.2kboe/d 2026 production assumption we had in our detailed model, but confirms the acquired asset base is performing in line with its 2025 run-rate. More importantly, the cash-flow read-through is materially ....
