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Duma Energy Corp. (DUMA)

Duma Energy Corp. (DUMA) 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.

Transfer Agent
TranShare Corporation
5105 DTC Parkway
Greenwood Village, CO, 80111

Investor Relations
QualityStocks
3370 N. Hayden Rd.
Scottsdale, AZ. 85251
480-374-1336

Key Investment Highlights
$77+ Million in Proven Resources and Debt Reduced to Zero
Existing Assets to Generate Cash and Fund Continued Growth
75% of Invested Capital Directly from CEO and Insiders
Pursuing Risk-Adjusted, High ROI Projects

Industry
Sector: Basic Materials
Industry: Oil & Gas Drilling & Exploration
Sub-Industry: Independent Oil & Gas

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CEO and President - Jeremy G. Driver
Mr. Driver has been with the company since 2009. Prior to joining the Company, Mr. Driver served as President of HYD Resources Corporation (a wholly-owned subsidiary of publicly traded firm Hyperdynamics Corporation) with operations primarily focused in Texas and Louisiana until 2008. He was able to lead the operational turnaround of that company and bring it to profitability. Mr. Driver has also served as the President of KD Navigation, an investment and holding company in Texas since 2007. Mr. Driver also served as an active duty officer in the United States Air Force until 2005, specializing in foreign intelligence as a Chinese Linguist. Mr. Driver holds a Masters in Business Administration (M.B.A) and a Master of Science in Accounting (M.S.A.) from Northeastern University in Boston, MA.

CFO and Secretary - Sarah Berel-Harrop
Ms. Berel-Harrop has been with the company since early 2011. Before joining Strategic American Oil she operated her own independent CPA firm working with financial reporting and SEC filings for public companies. Ms. Berel-Harrop was the Chief Financial Officer (CFO) and Corporate Secretary of Hyperdynamics Corporation until 2006. Prior to Hyperdynamics, she worked as a staff accountant at Malone and Bailey, PC; until 1998 as an accounting consultant for various public companies; and as Treasurer/Controller of Harrop Construction Company, Inc., a privately owned mid-sized construction company. Ms. Berel-Harrop earned here Master of Business Administration (M.B.A.) from University of Texas at Austin and her B.S. from Cornell University.

Vice President - Steven Carter
Mr. Carter has served as Vice President of Operations since December 20, 2006. Mr. Carter is a registered professional engineer with twenty-five years of management and engineering experience in oil and gas exploration, production operations, reservoir management and drilling. Mr. Carter served as Operations Manager and Operations Engineer for T-C Oil Company from 1990 to June 2003, where he managed significant production, supervised drilling, provided economic evaluations and designed project workovers, as well as performing numerous other engineering services. In July 2003, Mr. Carter started Carter E&P, LLC, an independent oil and gas company, where he has worked from 2003 to the present. Mr. Carter has a B.S. in Petroleum Engineering from the University of Texas at Austin.

Operations Manager - Craig Alexander
Mr. Alexander has been with the company since early 2011. Before joining Strategic American Oil he was employed by Galveston Bay Energy serving as Operations Manager. Mr. Alexander has more than 21 years of oil and gas experience in production and completion engineering and operations management with Erskine Energy, Millennium Offshore Group, and Amerada Hess Corporation. He is a graduate of the University of Texas at Austin with a B.S. in Petroleum Engineering.

 

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