From SUR road show presentation May 5:* Forecast FY’08 operating...

From SUR road show presentation May 5:
* Forecast FY’08 operating revenues of ~US$2.0 million from existing oil & gas production
* Record gas production in March 2008 from US assets
* Significant exploration up-side onshore Thailand, with analogues to CVN’s Phetchabun
Basin Oil Fields (up to 3,940 bopd per well) and the prolific Sirikit Oil Field that has
produced in excess of 200 mmboe, has >200 mmboe reserves and is currently producing
at ~30,000 bopde
* Potential to add significant reserves and production from 3D seismic over Flour Bluff in
2008 followed by drilling campaign
* Prospect inventory enhancement nearing completion with high impact Redback Project to
be tested in late 2008
* High impact exploration project offshore Malta, with billion barrel potential
* Leveraging strong cash flow into high impact opportunities

Note that they intend to use strong US generated cash flow to pay for drilling in Thailand.

Thailand:
* 50% Sun, 50% Carnarvon Petroleum (CVN)
* Well located between Thailand’s two largest
producing onshore fields, and with excellent
infrastructure
* Nong Bua-1 in block. Drilled by Shell in 1980’s
with excellent oil shows & potential oil column
– Initial analysis suggests well may have
flowed on pump
* ~1,000km 80’s vintage 2D seismic to be
reprocessed with results anticipated September
* Aero-mag. survey in May-June 2008
* Targeting 1 well in 2008 to twin Nong Bua-1 for
early production
* 2D seismic to commence by March 2009
* Further drilling in 2009
* Cheap onshore wells ~US$1 million with high
impact
* Potential to add significant reserves and
production