Fortuna III

Company Summary

Fortuna Resources III, LLC was formed in October 2019 to expand the successful non-operated oil and gas investment strategy created at TNM Resources. Fortuna III’s mission is to be the partner-of-choice for both sellers of working interests and operators in the Northern Delaware Basin. Fortuna III is currently deploying an equity commitment from North Hudson Resource Partners.

TNM Resources, LLC

Company Summary

TNM Resources, LLC was formed in February 2017 to follow up on the success of Fortuna Resources Holdings, LLC and pursue oil and gas opportunities in the broader Permian basin focused on both the Central Basin Platform and Delaware Basin. TNM currently holds approximately 18,300 net acres in the Central Basin Platform and approximately 4,400 net acres in the Southern Delaware Basin.  TNM is focused on drilling horizontal San Andres wells in the Central Basin Platform and horizontal Wolfcamp / Bone Spring wells in the Delaware Basin.

TNM Resources, LLC is managed by its affiliate Fortuna Resources Mgmt, LLC and operated by its affiliate Fortuna Resources Development, LLC.

Fortuna Resources Holdings, LLC

Company Summary

Fortuna Resources Holdings, LLC was formed in January 2016 to pursue oil and gas opportunities in the Delaware Basin.  Fortuna was able to build a position of 8,500 net acres and production of 400 boepd in the Delaware Basin.  In December of 2016, Fortuna sold 4,500 net acres and its production to PDC Energy and in mid 2017 Fortuna sold the remaining acreage to an undisclosed buyer.

Fortuna Resources Holdings, LLC is managed by its affiliate Fortuna Resources LLC.

Contract Operated

Company Summary

Winright Resources, LLC was formed in December 2017 to purchase oil and gas assets in the Anadarko Basin.  Winright currently operates 100 wells on 13,000 net acres located in Roberts, Lipscomb, Hemphill, Hansford, and Ochiltree Counties, Texas.  Fortuna Resources MGMT took over management July 2020.