Page 17 - Sun Resources 2014 Annual Report

Production Review
Sun Resources NL derived production revenue from its
working interests in the Beeler Project (production) and
in the Centerville AMI and SW Leona AMI of the (Amerril)
Southern Oil Project (flow-back), both within Leon County
of East Texas. Sun’s Woodbine oil wells continue to flow
back oil, gas and fraccing fluids at the time of reporting
so it is considered premature to ascertain what resources
and reserves may be certifiable. Sun’s gross working
interest share of oil production was approximately 8,909
barrels for the year to 30 June 2014. Sun will be working
toward its first resources and reserves reports on these
new Woodbine assets during the 2014/15 financial year.
This reporting process will develop in line with the new
ASX reserves and resources reporting obligations that
commenced on 1 December 2013.
Preparing to confirm commercial
potential of discovered oil in Upper,
Middle and Lower Woodbine
Sept’12 Dec’12 Mar’13 Jun’13 Sept’13 Dec’13 Mar’14 Jun’14
3000
2500
2000
1500
1000
500
0
Net Quarterly (WI%) Oil Production
Net Oil Production
REVIEW OF ACTIVITIES
SUN RESOURCES ANNUAL REPORT 2014  15