800 Gessner Suite 200 Houston, Tx. 77024

New Post Public Reply Private Reply Replies (0) Message Board

Jul 26, 2013 at 4:17 PM

DUMA Energy

800 Gessner
Suite 200
Houston, Tx. 77024
Phone: (281) 408-4880
Website: http://www.duma.com
Email: info@duma.com

Jeremy Driver CEO, President
Steven L. Carter COO, VP, Ops.
Sarah Berel-Harrop CFO, Secretary, Treasurer

Contact Mission IR
Mission Investor Relations
Mission IR DUMA Information Sheet

Market Value¹	$29,351,017	a/o Jul 25, 2013
Shares Outstanding	13,281,003	a/o Jun 14, 2013
Float	Not Available
Authorized Shares	500,000,000	a/o May 01, 2012

Latest Report	Apr 30, 2013 10-Q
CIK	0001425808
Fiscal Year End	7/31
OTC Marketplace	OTCQB

Duma Energy Corp. (OTCBB: DUMA) is an aggressive growth company actively producing oil and gas in the domestic United States, both on and offshore. Duma plans to continue increasing its domestic revenues and cash flow to fuel its aggressive growth through acquisition and participation in high impact international projects that have the potential to make exponential returns for our shareholders. Towards this goal, the Company acquired a 39% interest in a 5.3 million acre concession in the Republic of Namibia. This acreage position is larger than the state of Massachusetts.

Duma began in 2005 and initiated trading publicly on the OTCBB in 2009 via registration. In 2006, the Company began producing its first properties in Texas and soon after added production in Louisiana. In late 2009, the Company hired Jeremy G. Driver as its new CEO and President. Mr. Driver had formally run the domestic oil operations for the Hyperdynamics Corporation (NYSE:HDY). Within 1 year, Mr. Driver had identified and negotiated an acquisition that would fundamentally reshape Duma Energy. The acquisition of Galveston Bay Energy, LLC was completed in February 2011. This acquisition was made possible by the large direct cash investment by Mr. Driver and his family.

In March 2012, the company changed its name from Strategic American Oil Corp. to Duma Energy Corp. in order to enhance its expanded vision.

Click here to view the Corporate Presentation

Corporate Fact Sheet - May 2013

View our Photo Gallery

Key Investment Highlights

75% of invested capital directly from CEO and insiders
Revenue in each of the last two years has more than doubled
Existing assets to generate cash and fund continued growth
Most recent year-over-year revenue growth rate of 540%
More than doubled oil and gas production in the last two years
nvests for strong financial returns, not just barrels of oil
Not bound to any geographical location or operational strategy

Strategic Growth

Pursue additional acquisitions and merger opportunities to generate exponential growth potential and increase shareholder value
Seek-out and consider high-potential international projects with significant returns
Continue to grow revenue, maximize cash flow and profits, maintain tight controls, and leverage existing assets to generate cash and fund continued growth
Provide better visibility, liquidity, and stability to shareholders and financial partners by pursuing listing on major U.S. exchange(s)
Increase production beyond 1,000 boe/daily within 12 months; achieve 2,500 boe/daily within 24 months
Add reserves by continuing active drilling program

Projects

Galveston Bay

The 4 fields located in the shallow waters of Galveston Bay and Trinity Bay (located North of Galveston Island) were purchased by the company in February 2011. The majority of these fields were originally developed and the facilities built by Exxon. Production from the fields is focused almost entirely on the Frio interval which has been the most prolific in the region. The company also operates several offshore production and processing platforms as well as pipelines that carry the produced gas and liquids to shore-based production and processing facilities where they are either disposed of or sold. Currently, the fields are receiving a full geological and engineering analysis to determine future projects including, reworks, recompletions, plugging, offsets, and potential new drilling locations. A new well was recently drilled in the Fishers Reef Field, Trinity Bay and is currently awaiting completion.

Depth Range: 8,000-10,000 feet

Average Working Interest: 90%

Average NRI: 70%

Operator: Galveston Bay Energy LLC (wholly owned subsidiary of Duma Energy Corp.)

Welder Ranch, Texas

The Welder Ranch property is operated by Carter E&P, a private Texas operating company owned by Vice President Steven Carter. The property has been a productive asset of the company since 2006. In late 2011, production and cash flow were increased through a recompletion operation to the Patrick Welder #5 well.

Depth Range: 5,000-8,000 feet Working Interest: 100%
NRI: 75%
Operator: Carter E&P, LLC (company owned and operated by the VP, Steven Carter)

Janssen, Texas

Non-operated

Depth Range: 3,000-11,700 feet
Working Interest: 3.0%
NRI: 2.25%
Operator: Rockwell Energy

Markham City North Field, Illinois

Duma Energy's team of geologists and engineers identified and developed the Markham City North project. The project was marketed to potential operators and financial partners with experience in the Illinois Basin. Core Minerals decided to become the operator and invest a minimum of $1.35 million into the development and testing of the field. Duma Energy is carried for 10% working interest until Core has recouped their initial $1.35 million investment. After that milestone is achieved, the interest rises to 25% and costs will be shared. Currently, the field is in the early phase of the pilot waterflood testing.

Depth Range: 2,000-4,000 feet
Working Interest: 10% carried (will rise to 25% upon cost recovery by operator)
NRI: 8.2%
Operator: Core Minerals

International Projects

Republic of Namibia, Africa

Duma Energy recently acquired as a wholly owned subsidiary Namibia Exploration, Inc. (NEI), through which Duma Energy now holds 39% of a 5.3 million-acre onshore petroleum concession in the Republic of Namibia. The concession is located in the Owambo Basin, a large African cratonic basin situated in the northern part of Namibia. The Owambo Basin appears to contain the major elements required to produce a major petroleum system: source rock, reservoir rock, reservoir trap, and reservoir seal.

Hydrocarb Energy Corporation (HECC) Stock Research Links

HECC Board Company Profile Buy Rating Time & Sales News Filings Financials

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Global Challenge: A New Era for AI Web Agents

By Riley Hayes Updated Nov 12, 2026 Category News Views 118

The Dawn of the Agent Web Well, here we are, standing at the cusp of a new digital frontier, folks. This ain't just another buzzword parade; this is the Open Agentic Web Challenge, courting developers with a $13K carrot to craft an interoperable playground for AI agents. Big names like Cognizant AI Lab, MIT Media Lab, and others are leading the charge. No small-time...

The Spice & Tea Exchange® Hits 100 Store Milestone

Reaching the Century Mark in Retail Ah, retail. It's a rough-and-tumble world out there, but today we're tipping our hats to The Spice & Tea Exchange® for hitting the 100-store milestone. This brand's fresh out the kitchen with a shiny new store in Eureka Springs, Arkansas, marking a big moment for a franchise that's become a hot commodity in the realm of spices and...

Halfpricesoft's Bold Move: $169 One-Time Check Printing

Breaking Away From the Subscription Cycle When's the last time you saw a price that didn't make you groan? Halfpricesoft.com seems to have stumbled upon the magic number with their $169 flat-rate deal. You might think this feels like one of those golden eggs in a nest of subscription fatigue—and you'd be right. As inflation ramps up costs, especially for small...

Bongiorno Probes Deadly Brooklyn Building Collapse

A Grim Scene Unfolds in Flatbush, Brooklyn Some days start with headlines you'd rather not see, and November 11, 2026, painted a picture straight out of a nightmare. A building went belly-up in the heart of Brooklyn's Flatbush neighborhood, leaving a tragic tally in its wake—8 dead, including two kids, and 18 others carrying the burden of injuries. We're staring down...

Minerva Foods' Profit Struggles Despite Revenue Growth

Setting the Stage: Minerva Foods' Latest Report Walking through the jungle of financial statements, few things are clear-cut. Minerva Foods handed out its latest report, stirring both optimism and concern among the suits at the table. Here's the brass tacks of it: a 9.5% boost in net revenue drumming up R$56.2 billion over twelve months. Sounds solid, huh? Yet, lurking...

FF EAI Robotics Aims for Top Spot in K-12 Tech

FFR's Shot at Robotics Education Dominance You ever feel like a company is throwing everything but the kitchen sink at an opportunity? That's FF EAI Robotics for you—charging ahead with a hefty laundry list of tech ambitions. They've clocked in about $2.3 million in revenue from their newly acquired robotics wing for the first nine months of 2026, showing a 26% gross...

Tellus Raises APY to 8.00% Amid Inflation Crunch

Tellus Offers a Boost for Savers Battling Inflation Well, hotshot, if you thought the days of high returns on savings were long gone, tell that to Tellus. This proptech outfit just upped its Reserve Account annual percentage yield (APY) to a juicy 8.00%. That's a damn sight better than the pittance you'll get parking funds elsewhere. Just look at the numbers—consumer...

Housing Markets Realign: Shifting Generational Burdens

Riding the Generational Equity Wave Here's a kicker for you—the housing game has warped in ways that have flummoxed even the sharpest minds nodding along at economic seminars. Elder millennials back in the early 30s bracket once rode high with those mythical low mortgage rates—magic numbers scratching the underbelly of 3%, if you can believe it. But in today's...

DIR Launches WineWalrus: A New Era for Wine Lovers

The Wine Industry's Digital Splash Ah, the wonderful world of wine—a place where culture, taste, and that sweet bouquet of a well-aged vintage collide. It’s no secret that the wine industry is a cash cow, raking in more than $323 billion annually in the U.S. alone. Digital Information Resources (DIR), a savvy player in tech and media circles, decided this bubbling...

FSC Franchise Woos Veterans with New Incentives

Helping Veterans Transition to Business Ownership Veterans transitioning from military life to civilian business ventures can often feel like they're wading through a murky swamp. That's why FSC Franchise Co. is pitching in to make the path a whole lot clearer. They're pulling out all the stops by launching a new veterans program packed with savings and resources, built...