Company History

The original Suemaur company began as a partnership – Miller and Pedrotti – in 1969 and subsequently became Suemaur Corporation in 1975. Suemaur Exploration, Inc., which was formed in 1984, functioned as the operating company for the producing assets owned by Suemaur Corporation. In 1990 Bill Miller, Dan Pedrotti, and J.M. Smith acquired the exploration assets of Harkins & Company and assigned those assets to Suemaur Exploration Inc. At that time, the management team of Bill Maxwell, Owen Hopkins and Jim Devlin came to Suemaur from Harkins & Company.

In October of 1997, one of the company’s Venture Partners merged its assets with Suemaur Exploration Inc. and a new company was formed to go forward. The new company, Suemaur Exploration & Production, LLC, is the operating entity of a private partnership, Suemaur Exploration Partners, and operates and manages assets for the benefit of the partnership and other long term private industry Venture Partners. By 2005, Bill Miller and J.M. Smith’s partnership interests had been acquired by one of our Venture Partners, FESCO, Ltd. Dan Pedrotti and the current management team continue to be active partners and equity owners in Suemaur Exploration Partners. The management team has worked together for over twenty-seven years, with some working together over thirty-six years.

Over the course of the last twenty-seven years, Suemaur has drilled 115 exploratory Prospects resulting in 48 commercial discoveries, generating about a 42% success rate (Table I) and over ≈450 BCFe of reserves for Suemaur Exploration Partners and its Venture Partners.