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Closing of Asset Sale in Marcellus Shale Project

September 07, 2020

Closing of Asset Sale in Marcellus Shale Projectubsidiary in U.S.A., Summit Discovery Resources LLC (SDR), participated in the Project on September 2010.

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Project Overview

Location: Butler County, Pennsylvania in U.S.A., etc.

Operator: PennEnergy Resources, LLC

SDR Net Working Interest : ~ 30%

Outline of SDR

Company name: Summit Discovery Resources LLC

Head Office:    Houston, Texas, in U.S.A.

Investors: Sumitomo Corporation, 70%, Sumitomo Corporation of Americas, 30%