Company signs Petroleum Supply Efforts in Ghana

Posted by Samuel Kofi Ampah on April 8, 2010 at 1:13 pm in Top Story

Sunergy, Inc. has formed a strategic alliance with a Global Petroleum trader and supplier for petroleum sales in Ghana, that substantial progress has been made to secure a contract to supply1,000,000 barrels of crude oil per month to the local refinery. The proposed contract contemplates an initial term of 24 months, resulting in 24,000,000 barrels of crude oil to be delivered over the initial term. The second stage of discussion is the installation of some 3,000,000 barrels of crude oil and other petroleum product storage at the refinery location.

Since 33.1 billion barrels of proven offshore oil was discovered last year in the Gulf of Guinea off Ghana’s coast, there has been a flurry of activity between Exxon and the Chinese, to name a few majors in vying for position in the famous Jubilee field.

According to a press release by Sunergy Ghana’s purported share of the discovery is 3.31 billion barrels (10%) over the next several years. Sunergy and Global offer a direct connection with expertise the financial ability to assist in the management and marketing of this petroleum over the next several years. This niche business represents substantial potential cash flow with little or no capital risk on our part.

Sunergy is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. They control 100% of the 150 Sq. Km. Nyinahin mining concession with a full prospecting license.

The concession is surrounded by several operating mines and is adjacent to Newmont Mining’s property. This concession has the Offin River flowing through the eastern portion and there are numerous artisan pits ready for testing and evaluation for near term production.

The Offin River is known for good alluvial gold production. The Company is also involved in facilitating petroleum supplies to Ghana through its affiliation and strategic alliance with a Global Petroleum Trading and Supply company and plans to expand its petroleum influence.

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