SUN RESOURCES CORPORATE SNAPSHOT Capital Structure: Post-Cap. Raising (SPP & Placement) Share Price / Volume History ASX code SUR Ordinary shares on issue 4,472m 1 Performance options 140m Listed options (A0.025) 259m 2 Unlisted…
STRATEGICALLY REPOSITIONED FOR SUCCESS Recently finalised commercial agreements position Sun for growth and cash flow generation Resolution of Amerril Energy LLC matters delivers to Sun a 100% working interest (WI) in Normangee Oil…
NEAR-TERM ACTIONS ACROSS PORTFOLIO Seeking new investor/partner for capital investment at the asset level to fund current and future development drilling Suns market capitalisation currently…
EAST TEXAS IS NOW AN AREA OF E&P FOCUS Turquoise Dots Represent Recent Buda Completions Source: ZaZa Energy Corp. 6
POTENTIAL WELL LOCATIONS & 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 Single…
LOWER WOODBINE NORMANGEE OIL PROJECT US4mm fracking AFE gives pay out in year-2 and delivers IRR 15% ( US50 oil) Estimated gross revenue in first year of Jack Howe 1H flow-back (NRI) = US3-4 million A 25% reduction in drilling and…
SUNS WOODBINE OIL PROJECT AREAS Across Leon and Madison Counties, East Texas Leasehold & Activity Map Sun has control of 14,173 net acres across its 5 3 Woodbine Oil Project areas Project Leasehold Table (as 30 June 2015) 4…
BUDA-GEORGETOWN NEW BENCH DOUBLES RESERVES Multiple oil targets Minimum 2 Benches Sub Clarksville Sandstone Producing in area Eagle Ford Shale Lower Woodbine oil confirmed Buda First local oil completions confirmed Samuel 1H…
NORMANGEE OIL PROJECT LOWER WOODBINE DRILL SITES HBP Program 4 drilling units required to cover entire lease area Frack Jack Howe 1H D&C 3 more wells to HBP current lease position D&C 1 Buda lateral Full Field Development 12…
SW LEONA & SOUTHERN WOODBINE OIL PROJECTS Seale 1V drilled Buda-Rose section with shows and pay intervals Seale 1H & T. Keeling 1H laterals completed in Lower Woodbine = 2 Units HBP Stack & Frack Seale 1V Frack toe of T. Keeling…
East Texas Stacked Oil Targets (including Buda-Rose Section) Source: Zaza Energy Corporation (2015) 13
DELTA OIL PROJECT LARGE BUDA-ROSE STRUCTURE Large Buda structure mapped Approximate Area of Buda Prospect with 300 feet of closure Oil & gas column tested in old vertical well with 300 feet of log pay Warrants initial vertical pilot…
BADGER OIL PROJECT 16 DRILLING UNITS TO BE DEVELOPED 10% WI in 16 drilling units required to HBP the project area Initial investment by Sun = US13 mm; assuming US8mm gross well AFE Total of 64 wells required to fully develop; based…
STRATEGIC DEVELOPMENT - KEY NEXT STEPS Secure capital partner with shared value creation and strategic objectives Frack and flow-back Jack Howe 1H Generate cash flow from strong initial production Demonstrate Best in Class operational…
Loading...
