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PRINCIPAL ACTIVITYSunbird Energy Ltd (SNY) is an engaged in...

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    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.

 
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