Duma Energy is a Houston-based oil and gas exploration and production company that leverages 3D seismic data and other technologies to identify and exploit new and underexplored domestic locations, both on and off-shore. They focus on known domestic reserves, seeking accretive acquisitions of production, reserves, or other oil/gas companies that have the highest potential. The company currently has working operations in Texas, Louisiana, and Illinois.
Duma's strength is their flexibility. The company invests for strong financial returns, not solely for barrels of oil. They are not bound to any particular geographical locations or operational strategy. Risk is evaluated based upon operation considerations, finances, and industry. They concentrate on only industry standard and time-tested technologies, using as a foundation the extensive experience of their senior leadership. They know what works. They carefully avoid unproven resource plays or other superficially attractive opportunities that depend upon high commodity prices. They prefer to let others risk their money first, and learn from their mistakes.
• Duma is actively producing and generating revenue from oil and gas in Texas, Illinois, and Louisiana.
• They seek aggressive growth through acquisition, existing reserves, and drillable prospects.
• The company has a very strong insider commitment, with CEO and insiders providing more than 75% of the capital invested since inception.
• They are pursuing transformational projects with risk-adjusted, high return on investment (NYSE:ROI) opportunities.
Duma produced 38,000 barrels of oil equivalent (boe) in fiscal 2011, and has already produced more than 45,000 boe in the first half of fiscal 2012. The company has over $77 million in proven resources, with less than $12 million as booked reserves. Domestic production is projected to exceed 1,000 boe per day by the end of 2012, with 2,500 boe per day by the end of 2013.
For additional information, visit the company's website at www.DUMA.com
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