CALGARY, ALBERTA--(Marketwire - Sept. 19, 2011) - Sundance Energy Corporation ("Sundance" or the "Corporation") (TSX VENTURE:SNY) announces that it has completed the drilling of its first well in its S.E. Saskatchewan drilling program. The well, Ochapowace 06-05-18-3W2M (the "6-5 well"), was drilled, logged, cored and cased to a total depth of 895 meters subsurface. The logs and core information are currently being evaluated. The formations / zones being interpreted and evaluated are the Second White Specks, Bakken and Torquay. Results of the evaluations will be released when they are completed. The 6-5 well is located on the Ochapowace First Nation, approximately 15 miles north-west of the Wapella field in S.E. Saskatchewan. Sundance has a 100% working interest and is the operator of the 6-5 well.
The Ensign drilling rig utilized to drill the 6-5 well has been released to another area operator for it to drill two wells. The rig will then recommence drilling for Sundance in early October and will complete three or four more wells on the Corporation's S.E. Saskatchewan properties.
The next well scheduled to be drilled by Sundance will be Lestock 05-03-27-15W2M, located on the Muskowekwan First Nation (the "5-3 well"). The 5-3 well will be drilled on a 3D seismically defined 2,240 acre structural closed feature. The 5-3 well will be targeting the Second White Specks, Mannville, Gravelbourg, Bakken, Torquay and Birdbear formations. Sundance will have a 100% working interest and will be the operator of the 5-3 well.
Sundance currently owns a 100% working interest in approximately 70,000 acres in the S.E. Saskatchewan First Nation Project Area. Sundance has shot and or licensed approximately $10 Million of 2D and 3D seismic data on the First Nation Project Area lands.
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 on the TSX Venture Exchange under the trading symbol "SNY".
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.
Contact Information:
Jeffrey Standen
President / CEO
(403) 538-8446
(403) 444-5042 (FAX)
www.sundance-energy.ca