Proactive investors

Sun Resources NL (ASX: SUR) has producing properties in the onshore Gulf of Mexico, USA, plus a 50% interest in Block L20/50 in Thailand with operator Carnarvon Petroleum (CVN). SUR and CVN will drill up to 3 wells in Block L20/50, onshore Thailand during 1Q 2011, targeting up to 80 million barrels of recoverable oil, gross speculative potential.

SUR has a strategy to secure a portfolio of high impact exploration opportunities throughout Asia and Europe, delivering material value. SUR has agreed a non-binding Term Sheet to participate in the drilling of a gas prospect, onshore NW Europe to target a gross resource of 720 billion cubic feet of recoverable gas.