September 19, 2011 -
SUNDANCE COMPLETES ITS FIRST S.E. SASKATCHEWAN TEST WELL
September 19, 2011 Calgary, Alberta Sundance Energy Corporation ("Sundance" or the "Corporation") announces that it has completed the drilling of its first well in its S.E. Saskatchewan drilling program. The well, Ochapowace 06-05-18-3W2M (the "6-5 well"), was drilled, logged, cored and cased to a total depth of 895 meters subsurface. The logs and core information are currently being evaluated. The formations / zones being interpreted and evaluated are the Second White Specks, Bakken and Torquay. Results of the evaluations will be released when they are completed. The 6-5 well is located on the Ochapowace First Nation, approximately 15 miles north-west of the Wapella field in S.E. Saskatchewan. Sundance has a 100% working interest and is the operator of the 6-5 well.
The Ensign drilling rig utilized to drill the 6-5 well has been released to another area operator for it to drill two wells. The rig will then recommence drilling for Sundance in early October and will complete three or four more wells on the Corporation's S.E. Saskatchewan properties.
The next well scheduled to be drilled by Sundance will be Lestock 05-03-27-15W2M, located on the Muskowekwan First Nation (the “5-3 well”). The 5-3 well will be drilled on a 3D seismically defined 2,240 acre structural closed feature. The 5-3 well will be targeting the Second White Specks, Mannville, Gravelbourg, Bakken, Torquay and Birdbear formations. Sundance will have a 100% working interest and will be the operator of the 5-3 well.
Sundance currently owns a 100% working interest in approximately 70,000 acres in the S.E. Saskatchewan First Nation Project Area. Sundance has shot and or licensed approximately $10 Million of 2D and 3D seismic data on the First Nation Project Area lands.
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 on the TSX Venture Exchange under the trading symbol “SNY”.
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