KEY NEAR-TERM MILESTONES TO DELIVER SUCCESS Re-double efforts on Suns flagship Normangee Oil Project Place newly consolidated portfolio entirely within Suns control Resolve a number of issues with Amerril Energy LLC; dissolve AMIs…
SUN NEAR TERM ACTIONS ACROSS PORTFOLIO Sun, as Operator of Normangee Project, has delivered: Jack Howe 1H Lower Woodbine Lateral; ready to frack A 6,100 foot lateral, geo-steered and cased successfully at first attempt Consistent…
SUN RESOURCES CORPORATE SNAPSHOT Capital Structure: Pre-Capital Raising Share Price / Volume History ASX code SUR Ordinary shares on issue 3,162m 1 Performance options 140m Listed options (0.025) 259m 2 Unlisted options (various…
LOWER WOODBINE NORMANGEE OIL PROJECT 5mm Fracking AFE gives pay out in year-3 and delivers IRR=15% (50 oil) Estimated gross revenue in first year of Jack Howe 1H flow back (NRI)=4 million A 25% reduction in drilling and Fracking AFEs…
LOWER WOODBINE LATERAL COMPLETIONS ALONG FAIRWAY Map Well Completion Well BOPD Loc. Name Date Operator 30dayIP 1 Andrews U. 1H Dec-13 Decker 300 2 Burns Statue U. 1H Nov-13 EnCana 212 3 Weaver Ranch 1H Oct-13 EnCana 275 4 Theiss A 1H…
WELL CROSS-SECTION (A-A) JACK HOWE 1 - SEALE 1 Jack Howe 1 Seale 1 A Austin Chalk Fm. A Jack Howe SBCV T. Zeus Eagle Ford Seale 1H 1H 1H Keeling Shale 1H 250 foot bench mapped throughout fairway Lower Woodbine…
NORMANGEE OIL PROJECT Lower Woodbine drill sites 3 additional drilling units required to HBP the whole project area Phase 1: 5mm to frack Jack Howe 1H looking to reduce closer to 4mm Phase 2: 20 million for 3 additional wells to…
Potential Well Locations and Indicative Well Economics Potential Locations Gross Sales Volumes (160 acre spacing) Locations Oil bbl 310,906 Flo Delta 32 Gas cu ft 199,087 Total BOE 344,087 Normangee 16 USM Southern W'bine 4…
Large of Operators Active in East Texas (source: ZaZa Energy) Map showing recent Buda completions = turquoise dots (Source: ZaZa Energy) 10
BUDA-GEORGETOWN: New bench doubles resource potential Multiple oil targets minimum 2 benchs Sub Clarksville Sandstone Producing in area Eagle Ford Shale Lower Woodbine oil confirmed Buda First local oil completions confirmed Samuel…
DELTA OIL PROJECT Large Buda-Rose Structure 100%WI in 4,800 net acres as of 31 Approximate Area of Buda Prospect December 2014 Large Buda structure mapped with 300 feet of closure Oil & gas column tested in old vertical well…
KEY NEXT STEPS Frack and flow back Jack Howe 1H to demonstrate play potential Farm out and frack Lower Woodbine lateral Generate cash flow from strong initial production (4-5 million gross in first year of flow back) Prepare to…
Contact Sun, or visit the website for further information www.sunres.com.au
Loading...
