Page 4 - Sun Resources Annual Report 2013

HIGHLIGHTS
AMERRIL OIL PROJECT
FARMOUT OF L20/50
ONSHORE THAILAND
DELTA OIL PROJECT
CAPITAL RAISING
BY PLACEMENT TO
SOPHISTICATED
INVESTORS IN
JULY 2012
Sun and its joint venture partner and Operator,
Amerril Energy LLC completed a three well
drilling program in the SW Leona Area of the
project, including one vertical well; Seale #1 and
two horizontal wells; Seale #1H, T. Keeling #1H,
targeting the Lower Woodbine Formation.
Sun and its joint venture partner Carnarvon
Petroleum Limited farmed out 100% of the
L20/50 concession to Siam Moeco Limited.
Sun has no further exploration commitments in
relation to this concession but retains a material
interest in any commercial success achieved by
Siam Moeco Limited.
Sun has reached agreement with Petro-Hunt
LLC to jointly explore and develop an Area of
Mutual Interest (AMI) in the Lower Woodbine
comprising 7,832 acres in Leon County, Texas.
Sun is contributing 810 net acres from the Delta
Oil Project leases to hold a 25% Working Interest
(WI) in the AMI.
2013
In July 2012, a placement of shares to
sophisticated investors raised $20 million
(before costs).
SUN RESOURCES ANNUAL REPORT 2013 2