Overview - United States

Sun Resources NL (“Sun”) is delivering on a strategy of building and drilling a significant lease position in the Woodbine Tight Oil Play (“Eaglebine”) in eastern Texas. This is on target via Sun's Eaglebine ventures the Normangee and Southern Woodbine Oil Projects.

The USA offers excellent investment opportunities to small companies as:

  • a demand/supply imbalance of a large market for energy exists, particularly in liquids,
  • there is ready access to infrastructure, even for smaller discoveries,
  • there is lower technical risk within the prolific hydrocarbon bearing basins,
  • there are low exploration and development costs by world standards for onshore projects, and
  • there is high energy pricing regime for oil.