SAN FRANCISCO, December 19 /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 drilling of its
second deep development well on the Hobart Prospect in Washita County,
Oklahoma, has reached target depth of 20,500. It is expected that completion
operations on the Cunningham 1-02 well will commence shortly.
Successful drilling to target depth follows on the commercial results of
the first deep development well and the filing by Range Resources before the
Corporation Commission of the State of Oklahoma to seek a third scheduled well
both within the Hobart Prospect.
Commenting on these developments, Lewis Dillman, President and Chief
Executive Officer of Sun Cal Energy Inc. states: "We are excited that a second
deep development well has reached target depth on our Hobart Prospect. With
completion operations expected shortly, we are encouraged about the
possibility of receiving commercially viable results on yet another well
within our portfolio of oil and gas assets."
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 successful drilling of a second deep development well to target
depth represents another key milestone as we continue to seek cash flow and
production," stated Lewis Dillman: "Sun Cal will continue to focus on
developing its assets, and seek possible partnerships or joint ventures with
major industry leaders to maximize value to our shareholders."
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, 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,
800-798-8334 firstname.lastname@example.org http://www.suncaloil.com