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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