Sunbird Energy Holdings – is this a great investment opportunity?

Southern Africa focused gas explorer and developer, Sunbird Energy, which was developing the Ibhubesi ­natural gas project offshore of the Western Cape is eyeing a possible JSE listing in the medium term. The Ibhubesi Gas Project is a natural gas field development with 11 wells drilled consisting of seven gas discoveries. The project is South Africa’s largest and yet to be developed independently certified gas reserve at 540 billion cubic feet. Sunbird Energy Holdings is comprised of a consortium of major African shareholders, strategic funders and advisers. The consortium was led by Umbono Capital which is the largest shareholder of Sunbird Energy Holdings. Given the company’s proximity to gas reserves in South Africa, it provides an excellent investment opportunity for investors in the energy value chain.

 

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