The Company has strategically assembled the rights to approximately 70,000 net acres of First Nations land in Alberta & Saskatchewan and has the ability to earn an additional 100,000 net acres that may be prospective for oil production from the Bakken, Torquay, Second White Specks and Shaunavon formations.
• Sundance has exclusive access to a significant amount of multi-component 2D and 3D seismic data on the assembled and optioned First Nations lands.
• Companies active in the general SE Saskatchewan Bakken, Torquay and Shaunavon plays include Petrobakken Energy Ltd., Crescent Point Energy Corp. and Renegade Petroleum Ltd.
• The Company also has between an 8.75% to 25% ownership in 11 sections of land in the Samson Area of Alberta with 5 shut-in gas wells and with a minimum of 30 oil and gas drilling locations. Sundance also owns a 63 square mile 3D seismic survey on the Samson lands.
Sundance conducted an additional 3D seismic program to complement its existing seismic, on its assembled First Nations lands in the first quarter of 2011.
