Duma Energy Corp. (OTCBB:DUMA): Accomplished Major Milestone in Owambo basin

Today on Tuesday, October 08, 2013 Duma Energy Corp. (OTCBB:DUMA) along with its partner Hydrocarb Energy announced the completion of the filed acquisition phase over its oil and gas exploration concession in Northern Namibia, accomplishing second phase of African exploration program. It completed the field acquisition of around 13,500 km high resolution, aerial gravity – magnetics program.

The high resolution survey would be the first such geophysical exploration program to be conducted over the company’s concession sprawled across 21,200 square km. This concession is located adjacent to the Angola border, in Owambo Basin, Namibia. Over 85% of the concession is without any latest geophysical data, suggesting it to be virtually unexplored yet very high potential onshore African basin. The survey was flown by the UK based Bridgeporth Ltd. to gain a first look into the sub surface of the basin.

The survey is currently under process and it would be crucial in determining the structural fabric of the Owambo concession as well as would be helpful in laying out 2D regional seismic data program to be acquired in 2014. The completion of this gravity – magnetics survey would embark a major milestone for the company’s Namibia exploration program.

The President and the Chief Executive Officer at Duma Energy Corp. (OTCBB:DUMA), Jeremy G. Driver mentioned that as per the company’s internal analysis as well as given the accomplishment of fieldwork, the company looks forward to the interpretation of ongoing gravity – magnetic data in 2014. Jeremy reinstated that the Owambo basin would certainly turn out to be a major oil producing region with billions of barrels of oil as potentially indicated by all the indicators.

About Duma Energy

An aggressive growth company, Duma Energy Corp. (OTCBB:DUMA) is actively producing oil and gas in the United States, both on and offshore.

About HydrocarbEnergy

The Houston, Texas based energy exploration and production company,Hydrocarb Corporation targets largely unexplored oil and gas projects in high-potential regions of the world. The company has offices in Windhoek, Namibia and Abu Dhabi, UAE.

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