Lower Woodbine Oil Pay Confirmed: Near-Term Fraccing Jack Howe 1 Coring Lower Woodbine October 2014
Investment Highlights Diversified position within two leading US onshore unconventional resource plays in Texas Woodbine1: 28,669 gross (18,203 net1) acres Premier Acreage Eagle Ford: 10,028 gross (5,014 net) acres Position Total…
Funded Received Toward Imminent Fraccing Program Sun Resources NL (Sun) recently announced it completed a 5.1 million capital raising comprising a 4 million placement and a 1.1 million renounceable rights issue to fund ongoing…
Corporate Overview Capital Structure : pre-Capital Raising Share Price / Volume History 0.05 30.0 ASX code SUR 0.04 Ordinary shares on issue 3,162m 25.0 0.04 1 Performance options 140m Price (A) 0.03 20.0 Listed options…
Experienced Board & Management Team Currently an Emeritus Professor at the University of Melbourne, Fellow of the Academy of Technological Sciences and Engineering and a Prof. Ian R Plimer Fellow of the Australasian Institute of…
Asset Portfolio - Snapshot Upon successful completion of the Land Acquisitions, Sun will have an interest in 23,000 net acres across 8 projects. Woodbine Projects Project Net acres 1 Delta (Petro-Hunt AMI) 910 2 Delta Oil 9,803…
Woodbine: Recent Activity Increasing activity around Suns lease areas by large US oil & gas companies. US oil & gas companies General Activity Petro Hunt and Sun 7,832 acre AMI. Well set to spud Buffalo Oil Field shortly…
Woodbine: Illustrative Potential Economics1 IRR VS IP Rate NPV10/bbl = US33 NPV10/bbl = US27 NPV10/bbl = US11 Notes: 1. Economics are based on a 6m lateral in the Upper Woodbine at around 6,000 TVD. Currently Lower…
Woodbine: Suns Projects Sun has a working interest in over 18,000 net acres across its 7 Woodbine Projects. Project Table Leasehold and activity map 3 Working Acres Net Royalty Map Project Interest Interest (%) Gross Net (%) 1…
Southern Woodbine: Recent Lower Woodbine Lateral Well Oil Completions Location of New Sun Leases: Completion BOPD (30 1,980 gross acres. May Loc. Well Name Operator Date day IP) 1 Andrews U. 1H Dec-13 Decker 300 2 Burns Statue U. 1H…
Woodbine: Normangee Oil Project Asset Overview Leasehold and activity map WI% 50.0%, remaining 50% held by Amerril Amerril Project: SW Leona Area Operator Sun Resources T. Keeling & Seale 1H Lower Woodbine Oil Net Acres 1,976 ( 30…
Southern Woodbine: Cross-section Location A-A Vertical pilot well drilled & cored successfully in April 2014 by Sun. A Seale 1H vertical pilot well: Jack Howe Lateral Lower Woodbine Oil drilled and cased in September 2014 Zeus 1H…
Log Cross-section (A-A): Jack Howe 1 Seale 1 Jack Howe 1 Austin Chalk Fm. A Zeus 1 Seale 1 A Jack Howe SBCV T. Keeling Zeus Seale 1H 1H 1H 1H Lower Woodbine Buda-Georgetown Fm.
Log Cross-section: El Halcon Area, Brazos Co. Extracted from recent Halcn Rescources (NYSE:HK) Investor presentation given at Barclays CEO Energy-Power Conference showing equivalent (150-200 feet) Lower Woodbine Pay section to Jack…
Woodbine: Delta Oil Project Asset Overview Leasehold and activity map WI% 100% WI NRI% 75% Net Acres 9,803 ( 30 June 2014) Operational Sun continues to seek future activity, by way of farm- Highlights out, joint venture or direct…
Woodbine: Beeler Oil Project Asset Overview Leasehold and activity map CW Brown 1H - 13.5% WI% Remainder - 16.7% WI, (12.5% NRI) CW Brown 1H - 10.5% NRI% Remainder 12.5% Operator Amerril Net Acres 230 Current Oil production…
Eagle Ford Project 20
Eagle Ford: Recent Activity Eagle Ford Badger Play Map / Key Well Activity Eagle Ford is an active area surrounded by US Independents and ASX-listed peers Premier liquids-rich shale play in the US Currently dominated by major global…
Eagle Ford: Badger Project Asset Overview Leasehold and activity map WI% 50% NRI% Sun leases at 75% NRI Operator Ursa Net Acres 5,014 Bastrop County, Texas Location Acreage adjacent to the Giddings oil field, a prolific Austin Chalk…
Valuation Suns valuation appears attractive on an EV/net acreage multiple. Eagleford transaction comps (US EV/net acre) ASX peer trading comparables (A EV/net acre) EV(m) EV(m) Aurora Aurora Oil/&Baytex Oil & Gas Gas / Baytex Energy…
Contact Sun, or visit the website for further information www.sunres.com.au Matthew Battrick Acting CEO Sun Resources NL L2, 30 Richardson Street t: (+61) 8 9321 9886 West Perth m: (+61) 416 111 298 WA 6005 f: (+61) 9321 8161 e:…
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