Sundance Announces S.E. Saskatchewan Project Update: Ochapowace and Muskowekwan Areas
(firmenpresse) - CALGARY, ALBERTA -- (Marketwire) -- 12/12/11 -- Sundance Energy Corporation ("Sundance" or the "Corporation") (TSX VENTURE: SNY) (OTCQX: SNYXF) announces that it has commenced completion/evaluation operations on its Ochapowace 6-5-18-3W2M test well. As previously reported, the formations/zones being completed for production testing are the Bakken, Souris Valley/Lodgepole, Watrous and Second White Specks. The Bakken formation has been perforated and is currently waiting to be fraced and completed. Conventional completion operations will then be conducted on the Souris River/Lodgepole and the Watrous formations. Finally the Second White Specks formation will be perforated, fraced and completed.
Sundance also announces that it has completed drilling of its Lestock 5-3-27- 15W2M test well (the "5-3 Well") on its Muskowekwan First Nations permit. The 5- 3 Well has been cased to a total depth of 840 meters subsurface. Upon review of log and core information potential oil and gas pay zones have been indicated in the Second White Specks, Souris Valley/Lodgepole and the Nisku/Birdbear formations. Further evaluation of the core and log information is underway in order to develop completion and fracing programs. Completion and fracing operations are expected to commence as soon as services are available.
Jeff Standen, President and C.E.O. of Sundance states, "We are very encouraged by the initial results of the first two test wells drilled on our S.E. Saskatchewan Project Areas. Given that we have seen indications of both oil and gas from the well logs and the evaluations from the cores we have cut, we are excited about the potential to develop significant commercial production from our combined approximately 70,000 acres in these areas, which we own 100% and operate".
Sundance Energy Corporation is a junior publicly traded oil and gas company whose primary focus is exploring First Nation Lands in Western Canada. Sundance trades in Canada on the TSX Venture Exchange under the trading symbol "SNY" and on the OTCQX Exchange in the U.S.A. under the trading symbol "SNYXF".
Forward Looking Statements
This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are exploration risks detailed from time to time in the filings made by the Corporation with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Sundance. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Sundance does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein.
Contacts:
Sundance Energy Corporation
Jeffrey Standen
President/CEO
(403) 538-8446
(403) 228-7715 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 12.12.2011 - 14:00 Uhr
Sprache: Deutsch
News-ID 95932
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Oil & Gas
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