Sunbird Energy Ltd is an ASX-listed (ASX:SNY) gas explorer and developer focused on southern Africa where limited domestic gas supply and growing energy needs have created significant opportunity for the development of large scale energy projects.
Sunbird holds a 76% stake in the 870 Bcf (billion cubic feet) Ibhubesi Gas Project offshore of the west coast of South Africa, acquired in December 2012. Ibhubesi is South Africa’s largest undeveloped gas field. It has multiple development opportunities including gas-fired power projects to supply the high value South African market. Sunbird’s joint venture partner in the project is PetroSA (24%), the national oil company of South Africa.
Sunbird also has a portfolio of five Coal Bed Methane (CBM) projects covering an extensive area (9,904km2) of prospective coal basins across in South Africa and Botswana. Sunbird is conducting a phased exploration program that will define the resource base and demonstrate the commercial potential of its portfolio of CBM assets which contain a Best Estimate Gas-in-Place of 5.3 Tcf (trillion cubic feet).