Sun Resources NL

Sun Resources NL (ASX:SUR)(PINK:SNRDF) is pleased to advise that the Jones-Stewart Gas Unit #1 well on the Herradura prospect ("F1") was opened to sales on Friday November 28th 2008. Sun Resources' working interest in the F1 discovery is 37.5%.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) is delivering on its strategy of building significant cash flow in the USA Onshore Gulf Coast and applying this revenue to capture and participate in larger scale, high impact exploration projects, particularly in SE Asia, such as Sun's L20/50 Joint Venture with Carnarvon Petroleum in Thailand.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) is pleased to advise that the Jones-Stewart Gas Unit #1 well ("the F1 well") on the Herradura prospect ("F1") will be completed as a gas producer. Sun Resources' working interest in the F1 discovery is 37.5%.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) has been advised by the operator of Project Margarita that the Jones-Stewart Gas Unit #1 well ("the F#1 well") on the Herradura (F1) prospect recommenced drilling operations on September 16th, local time, after losing 5 days due to Hurricane Ike. The well reached its planned total depth of 1219 metres during the weekend and was logged to evaluate elevated mud log gas shows, with side wall cores subsequently taken over zones of interest for petrophysical evaluation.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) has been advised by the operator of Project Margarita that the Jones-Stewart Gas Unit #1 well ("the F#1 well") commenced operations yesterday @ 22.30 hours USA central time (CT) and at midnight CT was drilling surface hole at below 33.5 metres. The F#1 well is targeting Frio Formation objectives at Project Margarita above a planned total depth of 1,219 metres on the Herradura (F1) prospect.

Sun Resources NL ("Sun Resources")(ASX:SUR)(PINK:SNRDF) is delivering on its strategy of building significant cash flow in the USA Onshore Gulf Coast and applying this revenue to capture and participate in larger scale, high impact exploration projects, particularly in SE Asia.

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.

The Board of Sun Resources NL (ASX:SUR)(PINK:SNRDF)("Sun Resources") is pleased to advise that the Company has raised approximately $4 million by way of a placement of Convertible Notes ("Notes"). The funds raised will be predominately applied towards Sun Resources' 50% interest in Block L20/50, onshore Phitsanulok Basin, Thailand, where the Company is in Joint Venture with Carnarvon Petroleum Limited ("Carnarvon"). Hartleys Limited ("Hartleys"), the Company's corporate adviser, is Broker to the Offer.

Sun Resources Nl (ASX: SUR) - Investor Update - Mr Matthew Battrick, MD; Sun Resources Nl (ASX: SUR) present the following audio webcast regarding "SUR - Investor Update - Mr Matthew Battrick, MD". You may also download this audio webcast to your computer or portable audio player.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) Forecast FY'08 operating revenues of US$2.0 million from existing oil & gas production.