New Investment Company Launches With Eye on Energy Deals

THE HAGUE, The Netherlands, June 8, 2011 -

- Sunrise Energy Group Reveals First Major Investment With UK Based
Xodus Group

A new private Dutch based investment company, the Sunrise Energy Group,
has launched and announced that it is actively looking for owner managed
upstream energy companies to invest in.

Set up by serial entrepreneurs Edward van Kersbergen and Stephane
Constant, the Sunrise Energy Group also announced a new partnership with
Simmons & Company International Limited, providing advisory services for
exploration and production (E&P) asset acquisitions and divestures.

Sunrise revealed its first investment deal is with Scotland headquartered
energy consultancy Xodus Group in partnership with Simmons Parallel Energy
Fund. Xodus will receive a total of GBP10 million from the partners to focus
on further growth in the UK and internationally.

Mr van Kersbergen says that Sunrise is aiming for investments in the
range of EUR2 million to EUR20 million (GBP1.7 million to GBP17 million).

He said: "Having worked together over the last 13 years building and
selling oil services companies and acquiring and promoting exploration and
production assets, we are very proud to be launching our new venture. The
Sunrise Energy Group will focus on working with owner-managers of successful
niche businesses to provide the investment to support growth. Our partnership
with Simmons International will provide advisory services, expertly joining
our technical and financial capabilities."

Mr van Kersbergen and Mr Constant have built up impressive credentials in
the subsurface sector of the international oil and gas industry and have
successfully built and sold companies.

Mr van Kersbergen began his career in 1988 with Shell working on offshore
drilling rigs as a well-site operations engineer and fulfilled various roles
in Scotland, London, Germany and Syria. Mr Constant started his career with
ELF (now TOTAL) as a reservoir engineer responsible for various UK operated
assets. Both later joined Premier Oil and worked on the Yetagun field,
offshore Myanmar.

They joined forces in 2001 to co-found subsurface consultancy Horizon
Energy Partners. When they sold the business to SGS in 2008, they employed
100 staff and associates with offices in The Hague, Aberdeen, Abuja and Kuala
Lumpur.

In 2006, the pair founded Oyster Energy, a co-investment company for gas
assets in the Dutch sector of the North Sea. This venture was sold to Elko
Energy in 2009.

www.thesunrisegroup.nl

For further information contact Gayle Nicol, the BIG Partnership tel +44(0)1224-615019 email gayle.nicol at bigpartnership.co.uk