November 2, 2011
Calgary, Alberta, Canada – November 2, 2011 – Sundance Energy Corporation (“Sundance Energy” or the “Corporation”) (TSXV – “SNY” / OTCQX – “SNYXF”) announces that it is progressing on schedule towards drilling the first test well on its Alexander First Nations Permit in Central Alberta (the “Alexander Lands”). Sundance has completed the required survey, is presently conducting the required environmental assessment and is in the process of obtaining a surface lease and a drilling license for the +/- 1,250 metre test well located at 16-11-56-27W4M (the “Sundance 16-11 Well”). The Sundance 16-11 Well will be drilled less than one mile west of the producing 09-12-56-27W4M well (the “09-12 Well”), which was recently completed in the Detrital formation. Petro-Reef Resources Ltd., the Operator of the 09-12 Well recently announced that it performed a 48 hour test of the 09-12 Well and it flowed light oil at an average rate of 296 barrels per day (47 cubic metres per day) and an average flow rate of 495,000 cubic feet of gas per day (14 e3m3 per day). The Sundance 16-11 Well is targeting the same Detrital formation present in the Petro-Reef 09-12 Well and will also be evaluating the Alexander Sands formation, which is also productive for light oil in the immediate area. Sundance has a 50% interest in the Alexander Lands, which comprise 27 sections (6,912 gross hectares/17,280 gross acres).
Drilling operations on the Sundance 16-11 Well are scheduled to commence between late November and mid- December 2011. In addition, an environmental assessment for a proposed 27 square mile / 69 square kilometre 3D seismic program on the Alexander Lands is currently underway. It is anticipated that all or a large portion of the 3D seismic program will be commenced in the first quarter of 2012.
Jeffrey Standen, President & C.E.O. of Sundance comments: “We are very excited about our participation in the Alexander First Nations Project. Success on lands adjacent to our Alexander Lands indicates that our Alexander Lands have the potential for multi-zone light oil and natural gas production at relatively shallow depths.”
About Sundance Energy Corporation
Sundance Energy Corporation trades in Canada on the TSX Venture Exchange under the symbol “SNY” and in the United States on the OTCQX under the symbol “SNYXF”. Sundance Energy’s primary focus is exploring for petroleum and natural gas on First Nation Lands in Western Canada.
For more information on this News Release or on Sundance Energy Corporation please visit our website at www.sundance-energy.ca or call or email:
Jeffrey L. Standen, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain forward‐looking information. All statements included herein, other than statements of historical fact, is forward‐looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward‐looking information and a description of risk factors that may cause actual results to differ materially from forward‐looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward‐looking information except in accordance with applicable securities laws.