|
Sun Resources (ASX:SUR) Announce Retirement Of Executive Chairman
Perth, July 1, 2008 (ABN Newswire) - Sun Resources NL ("Sun Resources")(ASX:SUR) wishes to advise Shareholders that the Executive Chairman, Dr Brad Farrell retired yesterday from being Executive Chairman of the Board.
Effective from today he reverts to Non-Executive Chairman of the Board and will continue in a casual capacity acting as a consultant for the Company on a needs basis.
About SUN RESOURCES NL
Sun Resources NL is an Australian company, which is engaged in oil and gas exploration and investment. The Company operates in two segments: corporate administration and exploration. As of June 30, 2007, the Company participated in the drilling of seven oil and gas wells (six wells on South Texas Project Margarita prospects and one on a development project in the Lake Long Field area in Louisiana) and in a number of work overs and completions. Its exploration and production emphasis is on both oil and gas in conventional geological settings and within conventional reservoirs, principally located in Texas (Flour Bluff Gas Project, Project Margarita and Project Redback on the South Texas Gulf Coast), Louisiana (Lake Long Project) and California (Eagle Oil/Gas Development Project in the San Joaquin Basin). Its subsidiaries include Nieuport Pty Ltd, Sun Resources (New Caledonia) Pty Ltd, Sun Resources (NSW) Pty Ltd and Highland Petroleum Limited.
|
|
|
