Sun Cal Energy Inc. Announces Drilling Update on 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. (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 Breton Sound is a sound and a part of the coastline of the U.S. state of Louisiana; it is near Lake Pontchartrain. Two ships in the United States Navy have been named the USS Breton after this area. 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 Green River Basin of Wyoming is pleased to announce that drilling on the Cunningham 1-02 well has reached a depth in excess of 14,000 feet. With a target depth of 20,500 feet, the well builds on the successful drilling and commercial results of 1st deep development well, 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, also drilled by the same operator and located within the Hobart Prospect. The current flow rates from the Sturgeon 1-11 well are currently in excess of 3.3 mmcfd, and are expected to increase once the second and third pay zones are commingled and put into production. Drilling on the Cunningham 1-02 well follows on the successful commercialization of the Sturgeon 1-11 well and the recent application by Range Resources for a third well, all located within the Hobart Prospect. Commenting on these developments, Lewis Dillman, President and Chief Executive Officer of Sun Cal Energy Inc., states: "We are encouraged that the operator has made significant progress on the Cunningham 1-02 well. If the well is commercially successful, we will continue to add to our cash flow beyond those already generated by our Centurion Property and Sturgeon 1-11 well." Sun Cal Energy Inc. 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. "The testing and subsequent success on the initial development well, subsequent drilling on the second deep development well and application for a third well suggests that our strategy of acquiring properties with minimal cost and significant potential is beginning to pay off. We look forward to receiving further results on our wells within the Hobart Prospect," stated Lewis Dillman. "Sun Cal will continue to explore opportunities to partner with major industry leaders and develop drilling programs for its portfolio of oil and gas assets in California, Louisiana and Wyoming." 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 in 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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