Sun Century provides update on offer to acquire Masters Energy Inc. for C$1.95 per share



    CALGARY, April 27 /CNW/ - Sun Century Petroleum Corporation ("Sun
Century") announces, further to its press release of April 22, 2009, that it
completed to its satisfaction on April 24, 2009 an accelerated due diligence
review of Masters Energy Inc. ("Masters") and provided to Masters a draft
agreement containing the terms pursuant to which it is prepared to proceed
with its offer to acquire all of the issued and outstanding common shares (the
"Common Shares") of Masters for C$1.95 cash per Common Share (the "Offer").
Also on April 24, 2009, Sun Century presented to Masters documentation
evidencing that adequate arrangements have been made to ensure that the
required funds are available to make full payment for Common Shares tendered
to the Offer.

    
    About Sun Century
    -----------------
    
    Sun Century is a private company incorporated under the laws of the
Province of Alberta. Sun Century's business strategy is to acquire, develop
and operate oil and gas properties in strategic geographic locations in
Canada.





For further information:

For further information: SUN CENTURY PETROLEUM CORPORATION, 950, 550 -
6th Avenue S.W., Calgary, Alberta, T2P 0S2, Alan M. Tang, President, Phone:
(403) 269-2880

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SUN CENTURY PETROLEUM CORPORATION

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