Riverside Energy Partners, LLC (REP), is a 100% subsidiary of the Umbono Group and holds a range of conventional oil exploration and production projects in the northern United States particularly in Michigan, Illinois and Indiana. REP seeks primarily to hold majority interests in operated projects, focusing currently on conventional shallow oil targets. REP operates in a joint venture with a team of established oil finders, based in Traverse City, Michigan. The REP team includes strong technical and corporate skills to identify, evaluate, explore and operate oil projects. In addition, REP owns high-quality seismic equipment and enjoys a joint venture relationship with a seismic survey company to enable its exploration activities. REP’s operational activities are conducted through its subsidiary, Riverside Operating Company, LLC.
For more information please go to Riverside Energy Partners.
Riverside Petroleum Indiana, LLC (RPI), is a majority-owned subsidiary of the Umbono Group, holding an operating gas project in southern Indiana, centered on Daviess County. The project includes 26 operated producing gas wells and over 200,000 acres of largely undeveloped leasehold with significant oil potential, along with other assets. RPI is managed from Traverse City, Michigan by the Riverside Energy Partners team, with a contract operator team based in Washington, Indiana. RPI is actively conducting seismic exploration and drilling operations on the project.
For more information please go to Riverside Petroleum Indiana.
Ferrex is an AIM listed exploration and development company focused on advancing iron ore and manganese deposits in Africa, with a current focus on two projects in South Africa (the Malelane iron ore project and the and Leinester manganese project), one project in Togo (manganese) and one project in Mozambique (manganese). Umbono is one of the largest shareholders in Ferrex and maintains a strategic holding in the company.
For further information, please visit the company’s website: www.ferrexplc.com
Umbono is the largest shareholder of Global Oil & Gas AG, a Frankfurt-listed, independent oil & gas exploration and production company which owns a portfolio of onshore producing oil and gas wells and a number of highly promising exploration prospects in Indiana, Oklahoma, Alabama, Texas and Mississippi. Umbono was formerly the major shareholder of Adler Energy, now one of the main business units of Global Oil & Gas, with established oil production, over 45,000 acres of leases, and significant exploration potential in Indiana.
For further information, please visit the company website: www.gog-ag.de
Concordia is a mining junior focused on developing projects in Africa and South America. Umbono sold its stake in Swala Resources to Concordia in exchange for shares. Swala brings to Concordia an extensive exploration portfolio in the resource endowed regions of Burkina Faso, Gabon, the Democratic Republic of Congo (the “DRC”), Zimbabwe and Mozambique with a land package totaling over 12,400 km2, as well as an experienced management team and board of directors with extensive expertise in Africa.
For further information, please visit the company website: www.concordiaresourcecorp.com
Umbono owns a 50% interest in Rare Earth International (REI) in a joint venture with a group of UK/Australian exploration company developers. REI holds two advanced rare earth exploration projects in Southern Africa - the Nkombwa and Xiluvo projects which are located in Zambia and Mozambique respectively – an a heavy rare earth element project in Spain.
Umbono holds various exploration rights in Europe, including the Marienberg project in Germany which covers an area of more than 350 square kilometers and contains historical silver, indium and tin deposits that contain undeveloped resources.