Sundance Announces S.E. Saskatchewan Project Update: Ochapowace and Muskowekwan Areas
12 Dezember 2011 - 3:00PM
Marketwired
Sundance Energy Corporation ("Sundance" or the "Corporation") (TSX
VENTURE:SNY) (OTCQX:SNYXF) announces that it has commenced
completion/evaluation operations on its Ochapowace 6-5-18-3W2M test
well. As previously reported, the formations/zones being completed
for production testing are the Bakken, Souris Valley/Lodgepole,
Watrous and Second White Specks. The Bakken formation has been
perforated and is currently waiting to be fraced and completed.
Conventional completion operations will then be conducted on the
Souris River/Lodgepole and the Watrous formations. Finally the
Second White Specks formation will be perforated, fraced and
completed.
Sundance also announces that it has completed drilling of its
Lestock 5-3-27- 15W2M test well (the "5-3 Well") on its Muskowekwan
First Nations permit. The 5- 3 Well has been cased to a total depth
of 840 meters subsurface. Upon review of log and core information
potential oil and gas pay zones have been indicated in the Second
White Specks, Souris Valley/Lodgepole and the Nisku/Birdbear
formations. Further evaluation of the core and log information is
underway in order to develop completion and fracing programs.
Completion and fracing operations are expected to commence as soon
as services are available.
Jeff Standen, President and C.E.O. of Sundance states, "We are
very encouraged by the initial results of the first two test wells
drilled on our S.E. Saskatchewan Project Areas. Given that we have
seen indications of both oil and gas from the well logs and the
evaluations from the cores we have cut, we are excited about the
potential to develop significant commercial production from our
combined approximately 70,000 acres in these areas, which we own
100% and operate".
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 in Canada on the TSX Venture
Exchange under the trading symbol "SNY" and on the OTCQX Exchange
in the U.S.A. under the trading symbol "SNYXF".
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.
Contacts: Sundance Energy Corporation Jeffrey Standen
President/CEO (403) 538-8446 (403) 228-7715
(FAX)jeff@sundance-energy.cawww.sundance-energy.ca
Vital Energy (PK) (USOTC:SNYXF)
Historical Stock Chart
Von Okt 2024 bis Nov 2024
Vital Energy (PK) (USOTC:SNYXF)
Historical Stock Chart
Von Nov 2023 bis Nov 2024