Sun Cal Energy Inc. Announces Production of Its Sturgeon 1-11 Well 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 of Oklahoma, the Breton Sound area in offshore Louisiana and the Green River Basin of Wyoming is pleased to announce that 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 is in production. Currently, flow rates from the first pay zone are in excess of 3 mmcfd. The second and third pay zones are expected to undergo fracing operations and thus provide greater flow rates for the well. The target depth is the Springer Morrow, which has proved to be very productive in Oklahoma and Texas, and has gas-bearing shallower zones which may be commercial. Production on the Sturgeon 1-11 follows on the recent activity in the Hobart prospect with the spudding of the Cunningham 1-12 well, and the application by Range Resources for a third well. Production on this well follows the recent announcement that Sun Cal has signed a Letter of Intent to acquire a 100% working interest in 8,695 acres of leases in the Cherokee and Forest City Basins of Kansas. The Kansas leases consist of 24.9 BCF BCF Billion Cubic Feet BCF Bioconcentration Factor BCF British Chess Federation BCF British Coatings Federation BCF Breast Cancer Fund BCF Bank Credit Facility BCF Bulked Continuous Filament BCF British Cycling Federation BCF Boeing Converted Freighter of gas and over 2 million BBLS BBLS Barrels BBLS Bachelor of Business and Legal Studies (University College Dublin, Ireland) BBLS Be Back Later Sometime BBLS Binary Bent-Lifted Sequence BBLS Bare Base Life Support of oil in reserves, and are producing 2,250 BBLS of oil per month. Together, along with the participation in the Centurion Property, these two developments provide production and cash flow to Sun Cal. 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 1,211 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. Commenting on these developments, Lewis Dillman, President and Chief Executive Officer of Sun Cal Energy stated: "We are very excited to announce successful flow rates on our initial well and thus enter into production. We look forward to building on these results and to further develop our portfolio of oil and gas assets, two of which are now in production. The successful drilling of our Hobart lease validates our strategy to acquire low risk, high potential assets and ultimately our goal to achieve production and cash flow." 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 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. , the Jonah Field of Wyoming, and Cherokee and Forest City Basins of Kansas. 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, Louisiana, Oklahoma, and Wyoming, and 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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