SAN FRANCISCO, September 12 /CNW/ - Sun Cal Energy Inc. (OTCBB:SCEY), an
energy exploration company focused in the Southern San Joaquin Valley of
California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and
the Green River Basin of Wyoming is pleased to announce that several wells are
being added to its Centurion Property.
With a 5% Overriding Royalty Interest in the Centurion Property, several
wells are being added to the Barnett Shale in Texas while the McMoran well has
been put into production and pay status. With production numbers of 30 MCF,
revenue on this property is already up 12% over the purchase price, and it is
expected that activity will continue to grow.
The Centurion Property combines more than 17,000 acres of producing oil
and gas assets across Texas, Oklahoma, Alabama, Louisiana and Mississippi.
There are 153 producing wells on the asset with more than 50 additional
proven/undeveloped drilling sites. Current production is comprised of 90%
natural gas and 10% oil. Well operators include companies such as Exxon,
Kerr-KcGee, Hunt Oil, Quicksilver and Vintex.
Lewis Dillman, President and Chief Executive Officer of Sun Cal Energy
Inc., states: "We are pleased to update our shareholders and announce the
growth of activity in the Centurion Property, thus providing us a current
income stream with exciting future upside potential. We will continue to seek
out high impact opportunities in conjunction with major entities and thus
source solid revenue streams or significant developmental upside as we aim to
maximize shareholder value."
Shareholders and prospective investors are encouraged to visit Sun Cal
Energy's website: www.suncaloil.com and download Sun Cal Energy's Investor
Summary. Please feel free to call investor relations toll-free at
1-800-798-8334 to receive a full corporate investor's package.
About Sun Cal Energy Inc.
Sun Cal Energy Inc. is a publicly traded independent oil and gas
exploration company with headquarters in Calgary, Alberta, and an operational
office in San Francisco, California. Sun Cal Energy aims to secure and develop
a portfolio of oil and gas properties throughout America. The company is
strategically placed in the Southern San Joaquin Valley of California, the
Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and the Green River
Basin of Wyoming. Sun Cal Energy Inc. trades under the ticker symbol: SCEY --
"Sun Cal Energy Inc. -- Providing Energy Solutions to America".
On behalf of the Board
Lewis Dillman, President and CEO
Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties. Words
such as "expects", "intends", "plans", "may", "could", "should",
"anticipates", "likely", "believes" and words of similar import also identify
forward-looking statements. Forward-looking statements are based on current
facts and analyses and other information that are based on forecasts of future
results, estimates of amounts not yet determined and assumptions of
management, including, but not limited to, the Company's belief that Sun Cal
Energy Inc. can identify and successfully negotiate leases for oil and gas
properties in California, Louisiana and Oklahoma, and that the Company can
participate in the exploration of those properties. Actual results may differ
materially from those currently anticipated due to a number of factors beyond
the reasonable control of the Company. Additional information on risks and
other factors that may affect the business and financial results of the
Company can be found in filings of the Company with the U.S. Securities and
For further information:
For further information: Sun Cal Energy Inc. Lewis Dillman,
1-800-798-8334 (Investor Relations) firstname.lastname@example.org http://www.suncaloil.com