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