Umbono Energy is a majority-owned subsidiary of the Umbono Group, located in The Woodlands, outside of Houston, Texas. Umbono Energy serves as an investment group, fund raising vehicle, and management team, presiding over US onshore operated oil and gas producing assets. These assets include Riverside Petroleum Indiana, LLC, and Riverside Energy Michigan, LLC.
Riverside Petroleum Indiana, LLC (RPI), is a majority-owned subsidiary of the Umbono Group (via Umbono Energy), holding an operated gas project in southern Indiana, centered on Daviess County. The project includes 30 operated producing New Albany Shale gas wells (4,000 mcfg/day production) and nearly 200,000 acres of mostly undeveloped leasehold with significant gas PUD and oil potential. The RPI team have become leaders in the play by optimizing its economics through research into high-grading wellsite selection, well design, and by consolidating operating costs. RPI is managed from The Woodlands, Texas by the Umbono Energy team, and skillfully operated by the RPI field team based in Washington, Indiana.
Riverside Energy Michigan, LLC (REM), is owned by a joint venture partnership between Umbono Energy and White Deer Energy (WDE). Umbono Energy serves as the management team for REM, which owns and operates more than 3100 producing Antrim Shale gas wells in northern Michigan. As the largest gas producer in the state, the asset produces more than 60,000 mcfg/day, and holds approximately 300,000 acres of mostly developed (held-by-production) leasehold. REM is operated from Traverse City, Michigan, by a technically strong skilled team averaging +10 years experience with the asset.
Further information is available at www.RiversideEM.com
Sunbird Energy completed an over-subscribed capital raising in December 2011 to develop the company’s approximately 2 million acres of “coal bed methane” (CBM) mineral rights in South Africa and Botswana.
Sunbird’s portfolio of three CBM projects exist in different geological settings in South Africa. Sunbird expects to make a significant contribution to the energy requirements of the Southern Africa region over the next decade.
With the funds from its IPO the company is currently conducting a phased exploration program that will delineate the resource base and demonstrate the commercial potential of its portfolio of CBM assets. At the same time, Sunbird is actively seeking further acquisitions to increase its acreage position and to remain the dominant CBM player in the Southern African region.
Sunbird maintains a strategic alliance with Umbono who also provide management and technical services and serve as a joint venture partner in the South African assets.
Further information is available at www.sunbirdenergy.com.au