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SUNDANCE UPDATES S.E. SASKATCHEWAN FIRST NATION OCHAPOWACE AND MUSKOWEKWAN PROJECT AREAS
December 1, 2011 - Calgary, Alberta - Sundance Energy Corporation (“Sundance” or the “Corporation”) (TSXV – “SNY”) (OTCQX – “SNYXF”) announces that its Lestock 5-3-27-15 W2M Test Well (the “5-3 Test Well”) has commenced drilling operations. The 5-3 Test Well is located on a 15,533 acre contiguous permit covering the Muskowekwan First Nation lands. The 5-3 Test Well is scheduled to take approximately two weeks to drill to contract depth, core approximately 90 metres of prospective formations and log to total depth. Potential zones of interest are the Second White Specks, Souris Valley (Lodgepole), Bakken, Torquay and Birdbear. Sundance has a 100% interest in the 5-3 Test Well.
Sundance also announces that testing operations on its Ochapowace 6-5-18-3 W2M Well (the “6-5 Well”), which was recently drilled, logged, cored and cased, will commence as soon as completion services can be coordinated and mobilized. Testing will include fracing two or more of the four prospective zones identified in the 6-5 Well. The 6-5 Well is located on Sundance’s 39,656 contiguous acre permit encompassing the Ochapowace First Nation lands in S.E. Saskatchewan. Formations targeted for evaluation and completion in the 6-5 Well are the Second White Specks, Watrous, Souris Valley and Bakken.
Jeff Standen, President and CEO of Sundance stated “We are very excited about both our Muskowekwan and Ochapowace exploration projects. Sundance has two very large contiguous blocks of land under permit all of which have been shot with 3D seismic. Sundance also has the advantage of being able to evaluate seven proprietary well logs from recent wells drilled on the Permit lands by Encanto Potash Corporation ("EPO": TSX-V). The 5-3 Test Well is up structure from one of the EPO wells that has interpreted bypassed pay in at least two formations. If successful, the 5-3 Test Well and the large interpreted closed structure that it is situated on, could result in a very significant discovery in a new exploration area.”
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 in Canada on the TSX Venture Exchange under the trading symbol “SNY” and on the OTCQX Exchange in the U.S.A. under the trading symbol “SNYXF”.
For further information:
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.