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SUNBIRD ENERGY LTD

ASX: SNY

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Description

Sunbird Energy Ltd is a gas explorer and developer focused on southern Africa where limited domestic gas supply and growing energy needs have created significant opportunity for the development of large scale energy projects.

Having completed the acquisition of a 76% stake in the Ibhubesi Gas Project offshore of the west coast of South Africa, Sunbird has the right to operate and develop the Ibhubesi Gas Project, South Africa’s largest undeveloped gas field. Joint Venture partner PetroSA, South Africa’s national oil company, holds the remaining 24%.

The Ibhubesi Gas Project has multiple development opportunities to supply the high value South African energy market including ongoing gas sales negotiations with Eskom for the provision of gas to the existing Ankerlig Power Station, Independent Power Producers and major industrial users.

Sunbird also has a portfolio of five Coal Bed Methane (CBM) projects covering an extensive area (10,070 km2) of prospective coal basins in South Africa and Botswana.

Mine For

gas, coal bed methane

Location of operation(s)

South Africa, Botswana

Address

Level 1, 50 Ord Street
WEST PERTH, WA, 6005

Phone

(08) 9463 3260

Email

Website


Last Updated

22/1/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.