PRINCIPAL ACTIVITY
Sunbird Energy Ltd (SNY) is an engaged in exploration and development of CBM and
unconventional gas projects in Southern Africa. SNY has entered into agreements
to acquire a portfolio of CBM projects in South Africa and Botswana.
IBHUBESI GAS PROJECT (76%): Covers 5,000km2 area within the Orange Basin and
contains the Ibhubesi gas discovery. Located 380km north west of Cape Town and
105km off the coast of the Northern Cape Province. PetroSA, South Africa s
national oil company is the JV partner with a 24% interest. An independent
assessment of the field estimated that the field contained the following
resources: 1C 201 Bcfe, 2c 869 Bcfe, and 3C 1,366 Bcfe. The Feasibility Study
demonstrated that the Ibhubesi Gas-to-Power Project provided commercially
competitive source for the supply of electricity to the west coast of South
Africa.
ERMELO PROJECT: The project is located 200 km SE of Johannesburg within the
Witbank coal mining region. The licence area of 1,443km2 covers the Ermelo
Exploration Right and the Ermelo West Application. Five target coals seams with
a range of net coal thickness from 6m to 15m. Individual coal seams are up to 3m
thick. The Ermelo project provides a combined Best Estimate GIP of 0.8 Tcf, with
a High Estimate GIP of 3.45 Tcf.
MOPANE PROJECT: Is located in the Limpopo Province of South Africa about 420km
northeast of Johannesburg. The project lies on the western limit of the Tshipise
Coalfield which contains coal projects owned by Coal of Africa. Mopane is
traversed by electricity transmission lines that form part of the Southern
African Power Pool. With a licence area of 1,577km2, the project is held by
Sunbird (74%) and Umbono (26%). Based on an Independent Expert Report, Mopane
has a Best Estimate Gas in Place (GIP) of 1.9 Tcf, with a High Estimate of 13.66
Tcf.
KASANE PROJECT: The project is located in northern Botswana, covering 4,162sqkm.
Best Estimate GIP of 1.81 Tcf, with a High Estimate of 9.75 Tcf. SNY is
undertaking a desktop review of existing geological and geophysical data and the
reinterpretation of an aeromagnetic survey in early 2012 followed by a 2 core
hole drilling program to define the CBM resource within the area.
PRINCIPAL ACTIVITYSunbird Energy Ltd (SNY) is an engaged in...
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