DUMA: 3D seismic data of Galveston Bay available to Duma.

Zacks Small Cap Research

By Ian Gilson, PhD, CFA

New 3D seismic date on the Galveston Bay area, presumably covering the Trinity, Fishers Reef and Redfish Reef fields, is now available to Duma Energy (OTC BB:DUMA). This data may show other, deeper, oil reserves in the northern part of Galveston Bay and the 18,000 acres owned by the company. Potential oil deposits may be high pressure (requiring no pumping) and contain more oil than those currently being worked. Duma is focused on evaluating the data and no decision to drill has been made.

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