SAN FRANCISCO, November 29 /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
Green River Basin of Wyoming is pleased to announce that drilling on the
Cunningham 1-02 well has reached a depth of 19,964 feet.
With a target depth of 20,500 feet, the well is near completion and
builds on the successful drilling and commercial results of the 1st deep
development well, Sturgeon 1-11, also located within the Hobart Prospect.
Drilling on the Cunningham 1-02 well also follows on the application by Range
Resources for a third proposed well, the latter scheduled to commence drilling
operations after the beginning of the new year.
Commenting on these developments, Lewis Dillman, President and Chief
Executive Officer of Sun Cal Energy Inc. states: "We are excited that the
operator has continued to drill the deep development well without significant
operational delays. With at least two deep development wells in our Hobart
Prospect, we believe that this area holds immense potential. In addition, the
local infrastructure will enable development of the Prospect to be both
economically viable and relatively quick to tie into."
Sun Cal Energy Inc owns a 1.5% gross overriding royalty interest in the
1211 acre Hobart prospect strategically located in the Anadarko Basin and part
of the Springer Morrow play - the largest such play in the State and
Mid-Continent. Key players running rigs in the immediate area include Marathon
Oil, Chesapeake Energy, and Range Resources.
"The testing and subsequent success on the initial development well, near
completion on the second deep development well and application for a third
well, all by major operators, suggests that our Hobart Prospect could provide
significant upside and discovery potential for our shareholders. We look
forward to further results and updates from the operators on these wells
shortly," stated Lewis Dillman.
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 Green River
Basin in 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, Oklahoma and Louisiana 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, CEO,
1-800-798-8334 email@example.com http://www.suncaloil.com