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Sun Resources NL

Australia

Address: Unit 16, Subiaco Village, 531 Hay St Subiaco, Western Australia 6008

Tel: +61 8 9388 6501

Web: www.sunres.com.au

Company description

Sun Resources NL is currently focused on delivering its strategy of generating cash flow from low risk exploration success in the United States of America to reinvest into high impact exploration throughout South East Asia. Sun Resources NL (SUR) is an ASX-listed oil and gas company that has producing properties in Texas and Louisiana, onshore Gulf of Mexico, and a 50% interest in Block L20/50 in Thailand with operator Carnarvon Petroleum Limited.

Products and services

L20/50 lies in the onshore Phitsanulok Basin and is 20 kilometres to the south of the largest onshore oil and gas field in Thailand, the Sirikit Field, which produces around 20,000 bopd. The primary exploration play is fractured volcanic reservoirs within fault block structures, similar to those producing up to 12,000 bopd in the adjacent Phetchabun Basin where Carnarvon is active, 50 kilometres to the east. Sun and Carnarvon will conduct an exploration drilling campaign in Block L20/50 during Q4 2010, targeting oil leads of up to 150 million barrels of oil in place from initial seismic analysis. Sun is highly leveraged to deliver substantial shareholder value if the drilling program is successful in discovering oil within block L20/50.
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