Archive for the ‘Duma Energy Corp. DUMA’ Category

Duma Energy Corp. (DUMA) is “One to Watch”

Monday, February 25th, 2013

Duma Energy Corp. is an aggressive growth company actively producing oil and gas in the domestic United States, both on and offshore. Leveraging its technical expertise, promising portfolio, and strong financial condition, the company plans to utilize domestic revenues and cash flow to fund its rapid growth through acquisition, while participating in transformational projects with the potential of providing exponential returns for shareholders.

The company’s primary goal for fiscal year 2013 and beyond is to drive earnings growth. The company also aims to pursue listing on major exchange(s) to provide better visibility and liquidity to shareholders and financial partners. Already producing and generating revenue from oil and gas in Texas, Illinois, and Louisiana, Duma projects domestic production to exceed 2,500 boepd projected by the end of 2013.

Duma was founded in 2005 and began trading on the OTCBB in 2009 via registration. In 2006, the company began producing from its first properties in Texas and soon after added production in Louisiana. In 2009, its new CEO Jeremy G. Driver came on board. Within one year, Mr. Driver had identified and negotiated an acquisition that would fundamentally reshape the company. This acquisition was made possible by the large direct cash investment by Mr. Driver and his family, as well as other investors.

The company uses only industry standard and time-tested technologies, and avoids unproven “resource plays” and other opportunities that are heavily dependent upon high commodity prices. Not bound by any geographical location or operational strategy, Duma’s management team is focused on developing its existing portfolio while pursuing additional opportunities that provide rapid growth, leveraging growing revenue, cash flow, and reserves to accelerate its growth strategy.

For more information on Duma Energy, visit www.DUMA.com

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Duma Energy Corp. (DUMA) Set to Pop on Rising Oil Price with Aggressive, Risk-Adjusted Production and Shrewd Share Structure

Monday, February 11th, 2013

Duma Energy is a remarkable domestic oil and gas developer doing work both on and offshore at their actively producing/revenue generating assets in Illinois and Texas, which has also managed to secure a 39% WI in a sizeable, 5.3M-acre onshore petroleum concession in Namibia. An exceptionally tight share structure consisting of 13.2M outstanding and another 4.8M in options and warrants, with a full 8.3M held by the CEO and other company insiders, makes DUMA some tasty low-hanging fruit by investment standards.

Moreover, in excess of 75% of capital investment thus far has derived exclusively from the CEO and large insider commitments, showing a fearless seriousness about the company’s objectives and operational vectors. With such tight share structure control, mounting hydrocarbon demand is able to send the DUMA share price soaring and the company is on track for their projected 2.5k BOEPD for the end of 2013.

Shale gas metrics are changing the dynamics of the industry itself these days, something made obvious by Duke Energy’s recent decision to dismantle, rather than try to repair/retrofit, their  Florida-based Crystal River Unit 3 nuclear power plant, in part due to the rapidly growing abundance of shale gas supplies. Duke’s facility joins Dominion Resources’s Kewaunee reactor in Wisconsin as another nuke plant going into early retirement due to the obvious shale gas logistics at play and the global utilities sector is taking note of this shift as well.

Despite the growing availability of shale gas and hydrocarbons thanks to the latest fracking technologies and analytical methods, it is clear that whether we like it or not, oil prices are going to rise as a growing global economy shakes off exhaustion and realizes how hungry for energy it has now become. Huge emphasis this year for DUMA will be placed upon improving production output and cash flow, an underlying trend for the company that Zacks Equity Researchtook note of with their initiation of coverage (Sept 18, 2012), giving the stock an outperform rating and a $5.00 price target ($2.25 open today). Q1 revenue of $2M was well in line with projections by Zacks and the $1.1M in lease operating expense forecast was exact.

Beyond the success of DUMA’s domestic operations, that Namibian property recently came back with an updated source rock study from the operator (Hydrocarb Namibia) showing a P10 estimate as high as 1.1B barrels for the structural Oponono Prospect. Choice access to the primary target (Huttenberg Formation), which has really high porosity, will potentially make this development a serious producer and the largely underexplored Owambo Basin, in which the concession blocks are located, has all the right characteristics for becoming a major new hydrocarbon province.

The success of drilling in Trinity Bay during March of 2012 (Fishers Reef Field) roundly proved up the massive 3D seismic fault block which could hold over 5M bbls of oil and the targeted Tex II Sand interval itself in the lower Frio trend is a huge goal because of how prolific/productive the trend has been all along the Texas Gulf Coast. The shallow water targets in Galveston Bay and Trinity Bay (8k to 10k feet) represent a huge opportunity for investors to get in on the action through a company that has put together all the proper risk versus reward angles. Strategic interest levels in truly transformational properties, tight share structure, heavy commitment by principals, and a drive to produce really make DUMA stand out in its category as something special.

For more information on Duma Energy, visit www.DUMA.com

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Zacks Positive Coverage of Duma Energy Corp. (DUMA) Indicates Company’s Successful Model

Tuesday, September 25th, 2012

When Zacks Investment Research recently initiated coverage on Duma Energy, giving the company an Outperform rating based upon its profitability and rapidly growing revenue, it was a vote for the company’s overall strategy of supporting less certain exploratory efforts with an established and predictable flow of income from domestic producing wells. Instead of the common condition of energy exploration companies, founded upon little more than a loan and some prospects, Duma has put together a team of industry pros experienced enough to know a smarter way. By successfully identifying and developing a series of producing wells, primarily in the shallow waters of Houston’s Galveston Bay and Trinity Bay, Duma has built up a dependable source of income.

Duma produced 38,000 barrels of oil equivalent (boe) in fiscal 2011, and produced over 45,000 boe in the first half of fiscal 2012, with year-over-year revenue growth exceeding 500%. With operating margins already approaching 50%, and improving as new wells and production efficiencies increase, the company’s financial foundation continues to grow. They are now sitting on over $77 million in proven reserves (discounted), with less than $12 million booked reserves.

It’s an income stream that has provided Duma the time and backing to explore at their own pace, letting them apply their well-established geological expertise and industry contacts to opportunities overlooked or unavailable to others. An example is their recent acquisition of Namibia Exploration, now a wholly owned subsidiary, giving Duma a working interest in a 5.3 million acre petroleum concession in Namibia, Africa. The Owambo Basin, site of the concession, extends into Angola, one of the continent’s major oil producing countries. The Basin appears to have the elements of a major petroleum system.

For more information on Duma Energy Corp., please visit the company’s website at: www.DUMA.com

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Duma Energy Corp. (DUMA) Secures Key Namibian Government Approval for Exploration License on 5.3M Acres via Acquisition

Tuesday, September 18th, 2012

Duma Energy, the Houston-based domestic energy developer which has aggressively assembled an extensive portfolio of producing on/offshore oil and gas here in the U.S., took a bold step into the global hydrocarbon arena recently, reporting that the company has fully executed on the Aug 7 share exchange agreement with Namibia Exploration, Inc. (NEI), rendering NEI a wholly-owned DUMA subsidiary.

DUMA has thus obtained a 39% working interest (43.33% cost responsibility) in the some 5.3M acre onshore petroleum concession controlled by NEI in the Republic of Namibia. The local Ministry of Mines and Energy has approved Petroleum Exploration License No. 0038 to cover the property and DUMA will be engaged alongside both the National Petroleum Corporation of Namibia Ltd. (NAMCOR, 10% carried WI) and Namibia-chartered, majority-owned Hydrocarb Corp. (organized under Nevada law) subsidiary, Hydrocarb Namibia Energy Corp.

This is an extremely strong, lucrative position for DUMA, who will stand beside operator Hydrocarb Namibia (51% WI with 56.67% of cost responsibility) as the project advances, providing the kind of veteran guidance this large project needs to reach full maturity quickly. Hydrocarb has also been brought in via a consulting services agreement associated with the deal and will provide the kind of full-spectrum consulting needed to handle the localized Namibian logistics and other considerations. Hydrocarb has even agreed to calling the farm-in opportunity report obligations between itself and NEI settled by the $2.4M consulting fee (payable over 2 years through cash and/or DUMA restricted common shares).

This is a sweet deal for DUMA shareholders and gives the company profound access to prime acreage in what is arguably one of the most transparent and professional governments in all of resource-rich Africa. Namibia is an ideal place for the company to seize a firm global foothold and this project has the kind of long-term production potential to make it the flagship of what could become a fleet of non-domestic operations for the oil and gas developer.

Chairman and CEO of DUMA, Jeremy G. Driver, cited encouraging initial findings backed up by solid geological indices from the massive concession and asserted that the company was quite eager to see the first round of what should be an exciting exploration campaign. Hydrocarb (offices in Abu Dhabi, UAE and Windhoek, Namibia) has a ton of experience in this area and a known taste for under-explored, emerging plays in highly prospective regions. The combined expertise of these two firms should produce considerable news as the exploration campaign ramps up.

President and CEO of Hydrocarb, Pasquale Scaturro, emphasized the stability of the region and utter professionalism of the Namibian government. Scaturro pointed to both the size and premium quality of the concession at hand, characterizing the basin which this concession sits in as being extremely prospective in general. The tantalizing potential of this geology (especially in light of recent offshore discoveries and operations like the Kudu gas field), taken into context with successful regional onshore operations and initial data from the concession, makes this deal look very powerful for DUMA shareholders.

Driver’s comment about the concession being the size of Massachusetts should give any potential investor pause for thought and NAMCOR’s open attitude, as stated in their own policy, makes it a very agile foothold for a growth-focused developer like DUMA.

For more information on Duma Energy Corp., please visit the company’s website at: www.DUMA.com

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Duma Energy Corp. (DUMA) and Hydrocarb Energy Corp. Form Alliance to Explore for World Class Reserves in Africa Oil Concession

Tuesday, September 11th, 2012

Hydrocarb Energy just announced the completion of a farm-out agreement to Duma Energy Corporation. Houston-based Duma, with current production in the Gulf Coast, indirectly owns a 39% working interest in Owambo blocks 1714A, 1715, 1814A, and 1815A in northern Namibia.

“Our vast and underexplored concession shows tremendous potential based on the data available to date,” stated Kent Watts, Hydrocarb’s Chief Executive. “We have reviewed a third party report already estimating over a billion barrels of un-risked resource potential out of a single identified structure. The Duma partnership allows us to move aggressively towards our ultimate goal, to make a major discovery in Namibia. We anticipate building on new technical findings as the exploration process unfolds.”

Encompassing over 5 million acres, the concession is about the size of Massachusetts. Northern Namibia has all of the key elements needed to become a major oil province, including good reservoir and source rocks. Hydrocarb, as 51% owner, retains its role as operator on all blocks. The new partnership includes NAMCOR, the Namibian National Oil Company, as a 10% partner and Duma at 39%. The commercial terms for the Owambo Petroleum Contract are highly favorable with reasonable onshore operating and exploration costs. According to today’s release, Namibia is one of the most stable countries in Africa.

Even though its extensive resources are well known, Africa remains greatly under-explored. Recent discoveries of large oil and gas reserves by companies such as Kosmos and Tullow PLC suggest oil and gas production in Africa may be on the verge of dramatic growth. Major and independent players such as Chevron (NYSE: CVX) and Hyperdynamics (NYSE: HDY) retain huge acreage positions and are budgeting billions of dollars for exploration.

Duma Energy Corp.’s Chief Executive, Jeremy Driver, commented, “Our concession is in the Namibian portion of the Owambo Basin which extends into southern Angola and is one of the largest unexplored onshore basins in Africa. This partnership with Hydrocarb fits our core strategy to continuously develop profitable production domestically while also participating in high impact opportunities internationally that have world class potential.”

For additional information on Duma Energy, visit the company’s website at www.DUMA.com

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Duma Energy Corp. (DUMA) Issued Exploration License for 5.3 Million-Acre Concession

Thursday, September 6th, 2012

Today before the opening bell, Duma Energy announced the completion of the share exchange agreement, dated August 7, 2012, with Namibia Exploration, Inc. (“NEI”); the “Acquisition.” NEI is now a wholly owned subsidiary of Duma.

Through NEI, Duma has received a 39% working interest (43.33% cost responsibility) in an onshore African petroleum concession located in the Republic of Namibia which is approximately 5.3 million acres in size covered by Petroleum Exploration License No. 0038 issued by the Republic of Namibia Ministry of Mines and Energy. The company holds its indirect working interest in the concession in partnership with the National Petroleum Corporation of Namibia Ltd. (“NPC Namibia”) and Hydrocarb Namibia Energy Corporation, a majority owned subsidiary of Hydrocarb Corporation.

“The timely issuance of the concession license by the government of Namibia allows us now to begin focusing our efforts on the task of exploring our massive concession, which is roughly the size of the state of Massachusetts,” stated Jeremy G. Driver, Chairman and CEO of Duma Energy Corp. Driver added, “We are excited to move forward with the exploration phase in Namibia and are encouraged by the geological progress and findings so far.”

Pasquale Scaturro, Hydrocarb’s President and Chief Operating Officer, added, “There are few governments in Africa that can match the transparency and professionalism of Namibia. We are truly pleased to have such a large and premium concession located in an extremely prospective basin.”

Duma also told investors that it has entered into a Consulting Services Agreement with Hydrocarb whereby Hydrocarb will provide various consulting services with respect to Duma’s business ventures in Namibia. Those who wish to review further information regarding the acquisition, the consulting agreement, or the concession in Namibia should visit the company’s website at www.duma.com or view the company’s recent SEC filings.

For additional information on Duma Energy, visit the company’s website at www.DUMA.com

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Duma Energy Corp. (DUMA) Uses Current Production to Support Exploration for Future Development

Wednesday, September 5th, 2012

When Duma management points to the rapid increase in oil production from their wells in Galveston and Trinity Bay, just offshore form Houston, indicating that production has jumped from less than 100 BOEPD (barrels of oil equivalent per day) to over 500 BOEPD, and then states confidently that production should grow to over 1000 BOEPD by the end of the year, and 2500 BOEPD by the end of 2013, it’s not an example of executive wishful thinking. The numbers are simply based upon what has been tapped and what has been untapped.

The current 500 BOEPD is being produced by only a fraction of Duma’s available wells in the two bays. Specifically, out of the 130 wells the company has in Galveston Bay and Trinity Bay, only 27, roughly 20%, of the wells are currently active. As the other nearby wells come online, production will increase. At the same time, operational margins are expected to improve, directing more money to the bottom line.

More than beefing up Duma’s financial picture, this domestic productivity, including additional projects in Texas and other parts of the U.S., serves to finance the company’s exploration projects overseas. In particular, it currently supports Duma’s working interest in a 5.3 million acre petroleum concession in Namibia, Africa. Namibia is a small country of just over 2 million people, with a representative government that is considered one of the most stable in Africa. Duma obtained its interests through the acquisition of Namibia Exploration, now a wholly owned subsidiary.

The concession is located in the Owambo Basin in northern Namibia. The basin was formed primarily during the Proterozoic Era, and appears to contain the major elements required to produce a major petroleum system: source rock, reservoir rock, reservoir trap, and reservoir seal. Having a dependable source of income from domestic production gives Duma the opportunity to explore and develop what could become major finds.

For additional information on Duma Energy, visit the company’s website at www.DUMA.com

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The Case for Duma Energy Corp. (DUMA)

Wednesday, August 29th, 2012

Unlike typical energy exploration and production companies, Houston’s Duma Energy Corp. is based on far more than hopes for a successful well. The company has a growing list of assets in both the U.S. and overseas, with expanding income and proven reserves necessary to sustain the company for the long haul.

• Duma’s key productive interests are located in the shallow waters in Galveston Bay and Trinity Bay comfortably near Houston. It also has interests in wells and sites in two other parts of Texas, as well as in Louisiana and Illinois.

• The company produced 38,000 barrels of oil equivalent (boe) in fiscal 2011, and has already produced over 45,000 boe in the first half of fiscal 2012, with recent year-over-year revenue growth exceeding 500%. Operating margins, now near 50%, are improving as new wells and production increase efficiencies.

• Duma has $77.7 million in proven reserves (discounted), with less than $12 million booked reserves.

• The company has a time-tested team leading it, with most of the invested capital coming directly from the CEO and insiders. As such, the company targets only industry standard and proven technologies, carefully avoiding risky plays that depend upon high commodity prices.

• In addition to productive and promising projects in the U.S., Duma now holds a working interest in a petroleum concession of approximately 5.3 million acres in the southwestern African nation of Namibia. The concession is located in the Owambo Basin, a huge area that extends across the northern border into Angola, one of Africa’s major oil producing countries. As part of the company’s strategy, overseas exploration efforts are well-funded through its ongoing and stable domestic production operations in the U.S.

In summary, Duma has growing revenue, cash flow, and a solid pipeline of prospects.

For additional information on Duma Energy, visit the company’s website at www.DUMA.com

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Duma Energy Corp. (DUMA) Represents a New Direction in Oil Exploration

Tuesday, August 21st, 2012

Houston-based oil and gas exploration and production company Duma Energy represents a new wave of global oil and gas exploration with its recently announced move to actively explore in Namibia, on the southwest coast of Africa. Historically, the oil and gas industry was focused on the Americas, followed in the second half of the 20th century by the Middle East, and now Russia, China, and Europe. African producers, such as Nigeria, Libya, Algeria, and Angola, were second-tier.

However, Africa is split up into some 54 individual nations. When viewed as a whole, it becomes clear that Africa has a great deal to offer and ranks much closer to the top in the global resource list. With well over a billion barrels of proven oil reserves, Africa represents a significant slice of the world’s fossil resources, and production continues to increase. While the easy to negotiate sands of Arabia have dominated the world’s oil industry, offering massive supplies that are centrally located with direct access to the sea, attention is turning to other areas of the world. Although untold resources may still lie in parts of the world’s oceans, the intimidating costs of offshore drilling is steering industry attention to the still largely unexplored continent of Africa.

Namibia, on the continent’s southwest coast, is still a relatively small player in the oil industry, but, like much of Africa, it remains underexplored. It is known to have both gas and oil, and its strong ties to South Africa, from which it split off, have left it with access to a fairly substantial oil infrastructure. Duma’s interests lie in the northern part of Namibia, where it now holds a working interest in a petroleum concession of approximately 5.3 million acres. The concession is located in the Owambo Basin, a huge area that extends across the northern border into Angola, one of Africa’s major oil producing countries. The company’s exploration efforts are well-funded through its ongoing and stable domestic production operations in Texas.

For additional information on Duma Energy, visit the company’s website at www.DUMA.com

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Duma Energy Corp. (DUMA) and the African Connection

Wednesday, August 15th, 2012

When Duma Energy, an aggressively growing Houston-based oil and gas exploration and production company, recently announced an agreement to acquire Namibia Exploration, Inc., a company that holds the rights to a 39% working interest in an onshore petroleum concession of roughly 5.3 million acres in northern Namibia on Africa’s southwest coast, it represented a major step forward. Until this time, Duma had focused on domestic oil and gas, with major production coming from off-shore wells in the shallow waters of Galveston Bay and Trinity Bay near Houston, Texas.

But Duma’s African acquisition did not diverge from the company’s clearly stated strategy, which basically calls for developing domestic production and cash flow in order to fund high-impact international opportunities. In the case of the Namibia concession, the company called the exploration potential high with preliminary data being encouraging. Although it is assumed that most of the world’s oil rich sites have already been identified, the fact is that Africa remains largely unexplored. What success has already been found there only hints at the huge continent’s remaining potential.

Namibia itself is roughly the size of Venezuela, but without the heavy vegetation. Namibia is mostly sunny and dry, encouraging to exploration. The country is fairly sparsely populated, with strong ties to South Africa, and has a significant mining sector supported by a stable government. The Owambo Basin, the location of the concession, is huge, extending into Angola, a major oil producing country for Africa, and is said to have all of the key ingredients for becoming a major oil province. The fact that exploration and operations will be onshore significantly reduces costs.

For additional information, visit the company’s website at www.DUMA.com

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Duma Energy Corp. (DUMA) to Acquire Namibia Exploration

Thursday, August 9th, 2012

Duma Energy Corp., a producer of oil and gas in the continental United States, both on and offshore, today announced that it will acquire a 100-percent stake in Namibia Exploration Inc. (NEI), which holds the rights to a 39-percent working interest in an onshore Namibian petroleum concession spanning about 5.3 million acres.

Per the acquisition, Duma will hold its indirect working interest in the concession in partnership with the National Petroleum Corporation of Namibia Ltd. (NPC Namibia) and Hydrocarb Namibia Energy Corp., a company chartered in the Republic of Namibia and a majority owned subsidiary of Hydrocarb Corp. As the operator of the concession, Hydrocarb Namibia will hold a 51-percent working interest in the concession; NPC Namibia will hold a 10 percent carried working interest in concession.

Jeremy G. Driver, chairman and CEO of Duma, in the press release said that the concession has high exploration potential and called preliminary data “encouraging.” Additionally, he said the acquisition fits Duma’s strategy of generating domestic cash flow to fund” high impact” international ventures.

Pasquale Scaturro, Hydrocarb’s president and COO detailed the potential of the concession as follows:

“The Owambo Basin concession … has all of the key ingredients for becoming a major oil province, including good reservoir and source rocks that extend into southern Angola, one of the top oil producers in Africa. The commercial terms of our Petroleum Contract are highly favorable and since our concessions are onshore, operating and exploration costs are a fraction of those offshore,” he concluded.

Financial details were not disclosed.

For additional information, visit the company’s website at www.DUMA.com

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Duma Energy Corporation (DUMA) Gains Working Interest In Major Namibia Concession through Acquisition of NEI

Wednesday, August 8th, 2012

Duma Energy, an aggressive growth company actively producing oil and gas in the U.S., both on and offshore, announced today that it has entered into an agreement to acquire Namibia Exploration, Inc., (NEI), making NEI a wholly-owned subsidiary of Duma. Namibia Exploration is organized under the laws of Nevada, with administrative operations in Texas.

NEI holds the rights to a 39% working interest in an onshore Namibian petroleum concession totaling approximately 5.3 million acres of the Owambo Basin in Namibia on the southwest coast of Africa.

According to Duma CEO, Jeremy Driver: “The Owambo Basin in Namibia, where our concession is located, is in the northern part of the country near the border of Angola. The exploration potential of this large concession is high and the preliminary data is encouraging. This acquisition fits our stated strategy of producing domestic cash flow in order to fund high impact international opportunities.”

Duma will hold its indirect working interest in the concession in partnership with the National Petroleum Corporation of Namibia, Ltd., and Hydrocarb Namibia Energy Corporation, a company chartered in the Republic of Namibia, and which is a majority owned subsidiary of Hydrocarb Corporation, a company organized under the laws of Nevada.

Hydrocarb’s President and COO, Mr. Pasquale Scaturro, spoke of the area’s potential. “Africa remains a vastly under-explored continent despite increasing discoveries in recent years of world class oil and gas reserves by companies such as Kosmos and Tullow PLC. Major and independent players such as Chevron and Hyperdynamics have secured huge acreage positions and are budgeting billions of dollars for exploration. The Owambo Basin concession is over 5 million acres, roughly the size of Massachusetts. It has all of the key ingredients for becoming a major oil province, including good reservoir and source rocks that extend into southern Angola, one of the top oil producers in Africa. The commercial terms of our Petroleum Contract are highly favorable and since our concessions are onshore, operating and exploration costs are a fraction of those offshore.”

Pursuant to the terms of the Agreement, Duma is required to issue shares of stock as consideration for the acquisition in accordance with particular milestones based upon market capitalization levels which must be reached within 10 years after the closing of the agreement.

For additional information on Duma Energy, visit the company’s website at www.DUMA.com. The company will be updating its website to include further information regarding this acquisition and the Namibian concession, and a short video has been made available.

For additional information, visit the company’s website at www.DUMA.com

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Duma Energy Corporation (DUMA) Not Limited to Texas

Monday, August 6th, 2012

Duma Energy is an aggressive growth company actively producing oil and gas in the U.S., both on and offshore. The company currently has major operations in Texas, with additional operational interests in Illinois and Louisiana. Duma plans to continue increasing its revenue, cash flow, and reserves to fund its growth through acquisition and participation in projects with the potential of providing exponential returns for shareholders. Specifically, the company plans to do the following:

• Seek additional acquisitions
• Consider international projects with unique opportunities for high returns
• Leverage growing revenue, cash flow, and reserves, to fund overall growth strategy

Besides its Texas projects, Duma’s geologists and engineers identified and developed the Markham City North project in Illinois, and subsequently marketed it to potential operators and financial partners with experience in the Illinois Basin. Core Minerals eventually accepted the role of operator, with a $1.35 million investment. The field is currently undergoing pilot waterflood testing. Duma also owns passive royalty in 2 fields in Louisiana, operated by ETG Energy (Tradestar), producing oil, with no significant gas.

In addition to domestic operations, Duma is pursuing acquisition of a private company with significant interests in an African concession totaling approximately 6 million acres.

The success of Duma’s aggressive yet careful approach, focusing on proven sites and technologies, is seen in their production numbers. The company expects to be producing at least 1,000 boe per day gross by the end of 2012, and 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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Facts and Advantages Behind Duma Energy Corp. (DUMA)

Monday, July 30th, 2012

Duma Energy is a growing energy company, based in Houston, Texas, with oil and gas interests in Texas, Louisiana, and Illinois. The story of the company’s past and future growth potential is perhaps best seen in the numbers and strategic advantages the company possesses.

• The company produced 38,000 barrels of oil equivalent (boe) in fiscal 2011, and has already produced over 45,000 boe in the first half of fiscal 2012.

• Duma lists $77 million in proven resources (with less than $12 million as booked reserves).

• Most recent year-over-year revenue growth exceeds 500%.

• 75% of the invested capital comes directly from the CEO and insiders. Of the 10.7 million shares outstanding, 5.9 million are held by the CEO and insiders.

• Duma’s strategy focuses on ROI, not just barrels of oil.

• The company is set up so as not to be limited by any geographical location or operational strategy.

• Duma’s highly experienced team targets only industry standard and time-tested technologies, preferring to learn from the mistakes of others. They avoid unproven resource plays that depend upon high commodity prices, thereby minimizing investor risk.

• The company’s current interests are in Galveston Bay and Trinity Bay, Texas, as well as Duval, Victoria, and Karnes County, Texas, with additional interests in Jefferson County, Illinois, and Franklin Parish, Louisiana. The company is also pursuing acquisition of a private company with significant interests in an African concession totaling approximately 6 million acres.

• The company’s growth plan involves continued acquisitions, including possible international opportunities with high return potential, with the goal of leveraging growing revenue, cash flow, and reserves to fund ongoing expansion.

• Careful and experience-based management has allowed Duma to reduce debt to zero, continually grow revenue and assets, and establish a positive operational cash flow. All major metrics show positive improvement and momentum.

• Operating margins, now near 50%, are improving as new wells and production increase efficiencies.

• Numbers anticipated for the end of calendar 2012 include production of 1,000 boe per day gross, positive cash flow and earnings, and approval for listing on a major exchange. By the end of 2013, production is planned to be 2,500 boe per day.

For additional information, visit the company’s website at www.DUMA.com

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Duma Energy Corp. (DUMA) Success in Texas is Key Part of Overall Strategy

Tuesday, July 24th, 2012

Although Duma Energy has oil and gas interests in Texas, Louisiana, Illinois, and is even pursuing an opportunity in Africa to acquire a private corporation with a significant interest in an African concession totaling approximately 6 million acres, the company’s key operations are located in the shallow bays off the Gulf of Mexico just east of Houston, Texas.

In early 2011, the company purchased 4 existing off-shore fields in Galveston Bay and Trinity Bay, most of which were originally developed and the facilities built by Exxon. Production operations are focused on the Frio interval, the most prolific in the region, and the fields are currently receiving a full geological and engineering analysis to determine future projects. This includes reworks, recompletions, plugging, offsets, and potential new drilling locations. Recently a new well was drilled in the Fishers Reef Field, in Trinity Bay, and is currently awaiting completion. Duma also operates several offshore production and processing platforms, as well as pipelines that carry the produced gas and liquids to shore-based production and processing facilities where they are either disposed of or sold. Production has increased dramatically, and will continue to expand, following a well thought out developmental timeline.

Duma believes that oil is currently (and historically) a compelling investment opportunity with a unique set of macroeconomic drivers. The company’s success in the above projects is a direct result of this, in addition to the key elements of their operational and growth strategy, and the advantages they feel they have in the industry.

• An oil company that invests for strong financial returns, not solely for barrels of oil
• A company not bound to any geographical location or operational strategy
• A strategy where risk is evaluated on a broad basis, including operational, financial, and industrial
• The use of only industry standard and time-tested technologies
• The careful avoidance of unproven “resource plays” heavily dependent upon high commodity prices
• A philosophy of letting others risk their money first and learning from their mistakes

In addition, the company’s CEO, Jeremy Driver, has personally invested more than 25% of the company’s capital since its inception. The CEO and other insiders have together invested more than 75%, and the CEO has continued to buy in the open market after initial investments. As a result, the interests of shareholders and management are heavily aligned.

For additional information, visit the company’s website at www.DUMA.com

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Duma Energy Corp. (DUMA) Project Summary

Wednesday, July 18th, 2012

Duma Energy is an aggressively growing oil and gas exploration company, with operations in Texas, Louisiana, and Illinois. The company’s management team is focused on developing its existing portfolio while pursuing additional opportunities that provide rapid growth, leveraging growing revenue, cash flow, and reserves to accelerate its growth strategy.

Texas – Duma has a working interest in three projects:

100% working interest in the Welder Ranch project in south Texas

Operated by Carter E&P, a private Texas operating company owned by Duma’s Vice President Steven Carter, the Welder Ranch property has been a productive asset of the company since 2006. In late 2011, production and cash flow were increased through a recompletion operation to the Patrick Welder #5 well.

90% working interest in the Galveston Bay project, located in shallow waters North of Galveston Island

Consisting of 4 fields located in the waters of Galveston Bay and Trinity Bay, production is focused on the Frio interval, which has been the most prolific in the region. Currently, the fields are receiving a full geological and engineering analysis to determine future projects including reworks, recompletions, plugging, offsets, and potential new drilling locations. A new well was recently drilled in the Fishers Reef Field of Trinity Bay and is currently awaiting completion.

3% working interest in the Janssen project in south central Texas

The site is operated by Rockwell Energy, with a depth range of 3,000 to 11,700 feet.

Illinois - Duma has 10% working interest, rising to 25% upon cost recovery by operator, in the Markham City North field in southern Illinois. Core Minerals is the operator, having invested a minimum of $1.35 million into the development and testing of the field. Currently, the field is in the early phase of the pilot waterflood testing.

Louisiana – Duma has 6% royalty interest in 2 fields in northern Louisiana operated by an independent third party. The production is predominantly oil, with no significant natural gas.

Duma, which recently announced that it has entered into the final stage of negotiations to acquire a private corporation with a significant interest in an African concession totaling approximately 6 million acres, already has domestic production projected to exceed 1,000 BOE (barrels of oil equivalent) per day by the end of 2012. By the end of 2013, production is expected to reach 2,500 BOE per day.

For additional information, visit the company’s website at www.DUMA.com

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Duma Energy Corp. (DUMA) to Expand Beyond U.S. Borders with African Concession

Wednesday, July 11th, 2012

Duma Energy just announced that it has entered into the final stage of negotiations to acquire a private corporation with a significant interest in an African concession totaling approximately 6 million acres (25,000 square km). This acquisition would be part of the company’s intention to expand internationally and acquire highly prospective opportunities in emerging exploration regions.

“Our success in the last two years has put us in a strong position for growth. We believe it is the right time to be aggressive and continue to pursue our stated goal of seeking projects that offer huge potential returns. There are great opportunities out there,” stated Jeremy G. Driver, President and Chief Executive Officer of Duma Energy Corp.

Duma Energy is actively producing oil and gas in the continental United States, both on and offshore. Leveraging its technical expertise, promising portfolio, and strong financial condition, the company plans to utilize domestic revenues and cash flow to fund its rapid growth through acquisition, while participating in transformational projects with the potential of providing exponential returns for shareholders.

For additional information, visit the company’s website at www.DUMA.com

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Duma Energy Corp. (DUMA) Executes Strategic Plan to Achieve Ambitious Goals

Tuesday, July 10th, 2012

Duma Energy has rapidly emerged from a portfolio of domestic hydrocarbon assets which put it in line for a 2013 production target of 2,500 boepd (barrels of oil equivalent per day). This level of production also suggests that Duma Energy is ready to join the international energy game via a number of carefully selected project acquisitions in exceptional return markets.

Churning out some 38,000 boe in FY11, with another 45,000 boe in the first half of FY12, DUMA has aggressively applied an operational strategy rooted in a serious financial commitment by the CEO and other insiders which devolves into 75 percent of capital (since inception) invested by these parties, whose interests remain strongly aligned with the shareholders. This operational blueprint also focuses on direct emphasis in creating solid financial returns with delimited risk, and the deployment of industry standard, time-tested systems while avoiding risky resource plays that are heavily margin-dependent.

This same drive has placed the company in control of an impressive portfolio of producing domestic oil and gas properties, both on and offshore. With a geological and engineering team able to digest the complex logistical requirements essential to successfully producing onshore and offshore targets, DUMA has some $77M or more in proven resources under its hat (some $12M as booked reserves), and the talent and dedication to bring it in. The significance of such domestic energy producers in helping to create a larger U.S. strategic energy independence envelope should not be underestimated, and Duma Energy’s aggressive approach to developing domestic hydrocarbons along profit-driven, ROI-centric lines has really caught the attention of investors.

With assets in Texas leading the pack, DUMA has a solid foundation from which to explore international target development, as the Illinois and Louisiana projects dovetail with a broader approach to stabilize a low-risk, high-return footprint here in the U.S. that is on target for the current year-end goal of being a 1,000k boepd producer. The company currently stands at 600 boepd, well up from initial operational figures in March 2010 of some 300 boepd. With 130 wells – 27 actively producing – and significant ongoing re-completions as well as new drilling, DUMA is poised to achieve the kind of revenue growth and cash flow projections mapped out by management.

Currently the company averages operating margins in the 50th percentile range thanks to efficient cost controls, and looks to have new production coming online to increase these margins moving forward. DUMA posted earnings of $73,000 for third quarter results (period ending Apr 30) on revenue of $1.8 million, both figures up significantly from the previous quarter.

With a nonstop near-term agenda of aggressive development, and the company’s eyes peeled for lucrative international acquisitive activity, Duma Energy is well-positioned to drive precisely the kind of shareholder returns that the company’s operating strategy was founded on. At DUMA, the primary focus isn’t just on barrels of oil produced, but on realized ROI for the company’s shareholders and efficient growth of the metrics which produce those returns.

For additional information, visit the company’s website at www.DUMA.com

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Duma Energy Corp. (DUMA) is ROI Oriented

Thursday, June 28th, 2012

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 (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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Duma Energy Corp. (DUMA) is “One to Watch”

Friday, June 22nd, 2012

Duma Energy is an aggressive growth company actively producing oil and gas in the domestic United States, both on and offshore. Leveraging its technical expertise, promising portfolio, and strong financial condition, the company plans to utilize domestic revenues and cash flow to fund its rapid growth through acquisition, while participating in transformational projects with the potential of providing exponential returns for shareholders.

The company’s primary goal for fiscal year 2012 and beyond is to drive earnings growth. The company also aims to pursue listing on major exchange(s) to provide better visibility and liquidity to shareholders and financial partners. Already producing and generating revenue from oil and gas in Texas, Illinois, and Louisiana, Duma projects domestic production to exceed 1,000 barrels of oil equivalent per day (boepd) by the end of 2012; with 2,500 boepd projected by the end of 2013.

Duma was founded in 2005 and began trading on the OTCBB in 2009 via registration. In 2006, the company began producing from its first properties in Texas and soon after added production in Louisiana. In 2009, its new CEO Jeremy G. Driver came on board. Within one year, Mr. Driver had identified and negotiated an acquisition that would fundamentally reshape the company. This acquisition was made possible by the large direct cash investment by Mr. Driver and his family, as well as other investors.

The company uses only industry standard and time-tested technologies, and avoids unproven “resource plays” and other opportunities that are heavily dependent upon high commodity prices. Not bound by any geographical location or operational strategy, Duma’s management team is focused on developing its existing portfolio while pursuing additional opportunities that provide rapid growth, leveraging growing revenue, cash flow, and reserves to accelerate its growth strategy.

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