Project Overview
Sun Resources NL ("Sun Resources") is delivering on its strategy to build significant cash flow from the onshore Gulf of Mexico in the USA and applying this revenue to high impact exploration opportunities, particularly in SE Asia. Sun Resources currently has various interests in two production project assets in Texas and one in Louisiana and all have further exploration potential. Sun Resources has recently added a further exploration asset in Texas, the Meek prospect, an analogue of the nearby New Taiton gasfield. This was evaluated by drilling in early 2009 was tested in mid 2009 and abandoned in late 2009. Sun Resources has a significant equity position in an exploration block in onshore Thailand, on trend with the largest onshore oil field and retains one exploration asset in Australia that contains an oil discovery. The Company also holds a small working interest in an offshore Malta exploration concession that lies adjacent to an oil & gas fairway containing giant accumulations in Libyan waters. The Board at Sun Resources is working diligently to build a substantial business through exploration success adjacent to existing production, in countries with relatively stable fiscal regimes.
Location of current projects
