Sun Resources NL  ASX:SUR

Company

First Coverage

Logo
Sun Resources NL ASX:SUR

$ 0.003

29-May-18

Overview

Prominence Energy NL (formerly Sun Resources NL) is an ASX listed oil and gas exploration and development Company strategically focussed on delivering value across a number of new opportunities in Louisiana, United States.

Targeting assets that are expected to be commercially viable in the current low oil price environment.

On the 14 August 2017, The Board of Prominence Energy NL (formerly Sun Resources NL) announced that the Company and Pinnacle Exploration Pte Ltd (“Pinnacle”) secured a new oil project through bidding on open acreage in the inland waters of the State of Louisiana, USA. The parties named the field “Bowsprit”.

On 29 July 2019 Prominence announced the Company has agreed to acquire Pinnacles 50% interest in the project and move to 100% working interest.