800 Gessner Suite 200 Houston, Tx. 770
Post# of 13
| 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 |  | .  .
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| 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. |
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| Key Investment Highlights
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| Projects | Galveston BayThe 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% | Janssen, Texas Non-operated Depth Range: 3,000-11,700 feet | 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 |
| | 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. |
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