Perth, May 5, 2008 AEST (ABN Newswire) - Sun Resources NL (ASX:SUR)(PINK:SNRDF) Forecast FY'08 operating revenues of US$2.0 million from existing oil & gas production.
A summary of the Investor Roadshow for May 2008 by Managing Director Matthew Battrick is below. For the full Presentation please visit the following link:
http://www.sunres.com.au/pdf/SUR%20Investor%20Briefing%20May%202008.pdf
- Record gas production in March 2008 from US assets
- Significant exploration up-side onshore Thailand, with analogues to CVN's Phetchabun Basin Oil Fields (up to 3,940 bopd per well) and the prolific Sirikit Oil Field that has produced in excess of 200 mmboe, has >200 mmboe reserves and is currently producing at ~30,000 bopde
- Potential to add significant reserves and production from 3D seismic over Flour Bluff in 2008 followed by drilling campaign
- Prospect inventory enhancement nearing completion with high impact Redback Project to be tested in late 2008
- High impact exploration project offshore Malta, with billion barrel potential
- Leveraging strong cash flow into high impact opportunities
Contact
A P Woods
Email: admin@sunres.com.au
Telephone: 61 8 9388 6501
Facsimile: 61 8 9388 7991
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