July 27, 2016 4:52 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Cunningham Energy LLC

Company Overview

CUNNINGHAM ENERGY LLC engages in the acquisition, exploration, and production of oil and natural gas in the Appalachian, Illinois, and Williston Basins. It conducts operations and oil/gas interests throughout major North American Basins. The company was founded in 2008 and is headquartered in Charleston, West Virginia.

3230 Pennsylvania Avenue

Charleston, WV 25302

United States

Founded in 2008

Phone:

304-344-9291

Fax:

304-344-9290

Key Executives for Cunningham Energy LLC

Director of Finance and Risk Assessment
Principal and Operating Partner
Compensation as of Fiscal Year 2016.

Cunningham Energy LLC Key Developments

Cunningham Energy Launches Panama Office

Cunningham Energy reported that it has executed a working agreement with a new international affiliated entity, Cunningham Energy S.A. This new entity based in Panama City, Panama is now active as an international business development and sales office.

Cunningham Energy Plans New Horizontal Oil Wells

Cunningham Energy LLC has announced plans for two new shallow horizontal oil wells to be drilled in Kanawha County, West Virginia. The newly planned horizontal program will be drilled from the “Matterhorn” pad, consisting of two initial wells surveyed with a specified measured depth (“MD”) ranging from 6,100’ to 6,800’ plus feet and vertical depths (“TVD”) of 2,150’ plus feet.

BE Resources Provides Update on Intended Joint Venture to Develop Oil Field Leases with Cunningham Energy

BE Resources Inc. announced that it continues to take active steps towards completing its intended joint venture with Cunningham Energy, LLC to acquire approximately 425 acres of oil leases in the Stringtown, Rock Creek, and Green Creek oil fields within the Smithfield District in West Virginia, and not less than approximately 400 additional acres to be agreed upon, contiguous to the Oil Leases, with a further first right of refusal to acquire additional oil leases to be agreed, being a minimum of 1,000 acres in area and allowing for a potential of up to an additional 15 horizontal oil wells. The intended Joint Venture is subject to a number of conditions to have been met or waived on or before the end of February 2015, or such later date as the parties may agree in writing. The company is in discussions with the TSX Venture Exchange to determine whether the Joint Venture will be deemed a change of business pursuant to Policy 5.2 of the Exchange. Pursuant to the polices of the Exchange, if the Joint Venture is deemed a COB, the company will be required to comply with Policy 5.2, including issuing a news release every 30 days following its initial news release, to update the status of the COB. The company intends to make filings with the Exchange in accordance with Exchange policies in connection with the reinstatement of trading of the company's shares and conditional approval of the Joint Venture.

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Recent Private Companies Transactions

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