Why invest in Sun Resources?

  • De-risked oil play in the Lower Woodbine due to the increasing commercial success by surrounding USA Independents.
     
  • Significant drilling success by EOG Resources Inc. in the Lower Woodbine target, adjacent to Sun’s Jack Howe 1#H well. EOG’s laterals have produced 30-day initial production rates of between 200-600 barrels oil per day.
     
  • Prime acreage (2,251 net acres) within the Woodbine Tight Oil Play.
  • Significant Interest from a number of new investors and a supportive shareholder base.
  • Robust business plan to build a platform for future growth, focussing on drilling acres to convert Prospective Resources to 3P Reserves, whilst seeking opportunistic, complementary ‘liquids rich’ acquisition opportunities.
     
  • Rapidly developing area, with excellent infrastructure in place, access to pipelines and oil trucking.
     
  • Gained operatorship and growing relations with high-quality partners and Operators.
     
  • Strong Board and Management team with extensive oil and gas knowledge.
     
  • Sun has strengthened and diversified its land position, while refining horizontal well targets and multi-stage fracking designs.