Sun Cal Energy Inc. Announces Drilling Activity of a Second Deep Development Well on Its Hobart Prospect in Washita County, Oklahoma.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Sun Cal Energy Inc., ("Sun Cal"), (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SCEY), an energy exploration company focused in the Southern San Joaquin Valley Noun 1. San Joaquin Valley - a vast valley in central California known for its rich farmland Calif., California, Golden State, CA - a state in the western United States on the Pacific; the 3rd largest state; known for earthquakes of California, the Anadarko Basin The Anadarko Basin is one of the most prolific natural gas reserves in North America, with ultimate gas production in excess of 100 trillion cubic feet of gas.[1] External links
References 1. of Oklahoma, the Breton Sound of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. and the Green River Basin of Wyoming is pleased to announce that a second deep development gas well has been spudded, and is currently being drilled on the Company's Hobart lease interest in Washita County, Oklahoma Washita County is a county located in the U.S. state of Oklahoma. As of 2000, the population is 11,508. Its county seat is Cordell6. It was formerly located in Cloud Chief, Oklahoma. Geography According to the U.S. . The well, Cunningham 1-12, builds on the successful drilling of the Sturgeon sturgeon, primitive fish of the northern regions of Europe, Asia, and North America. Unlike evolutionarily advanced fishes, it has a fine-grained hide, with very reduced scalation, a mostly cartilaginous skeleton, upturned tail fins, and a mouth set well back on the 1-11 well and the recent application by Range Production Co. for a third well, all on Sun Cal's Hobart Prospect in Oklahoma. The target depth is the Springer Morrow, which has proved to be very productive in Oklahoma and Texas. Sun Cal expects that the Springer Morrow will be productive; noting that there are gas bearing shallower zones which may also be commercial. No value has been assigned, pending definitive testing. Commenting on these developments, Lewis Dillman, President and Chief Executive Officer of Sun Cal Energy Inc., states: "The operator's testing and subsequent success on the initial development well and subsequent drilling activity on a second well on the Hobart Prospect validates our acquisition strategy. With a second major operator, Range Production Co., also initiating plans for a third well, we believe the Hobart lease will continue to offer significant potential for development and lead Sun Cal to production and cash flow." Sun Cal owns a 1.5% gross overriding royalty interest overriding royalty interest A third-party interest in royalty income derived from oil and gas rights. 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. "Today's exploration, drilling and production technologies increase the success in finding significant new reserves and given the established regional infrastructure in Oklahoma, enable new production to be brought on quickly. The operators in the immediate area have demonstrated their ability to leverage these advantages," stated Lewis Dillman: "Sun Cal will continue to seek high impact prospects with minimal cost, low risk and the potential for partnerships or joint ventures with major industry leaders." Further Information 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 Investor relations The process by which the corporation communicates with its investors. 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 “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] . 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 of Wyoming. Sun Cal Energy Inc. trades under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors : SCEY -- "Sun Cal Energy Inc. - Providing Energy Solutions to America". On behalf of the Board Lewis Dillman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Forward-Looking Statements 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 Exchange Commission. |
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