Sundance Energy Corporation Announces Alexander Project Update
02 Novembre 2011 - 6:41PM
Marketwired
Sundance Energy Corporation ("Sundance Energy" or the
"Corporation") (TSX VENTURE: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.
Forward Looking Statements
This news release contains forward-looking statements relating
to the future operations of the Corporation and other statements
that are not historical facts. Forward-looking statements are often
identified by terms such as "will", "may", "should", "anticipate",
"expects" and similar expressions. All statements other than
statements of historical fact, included in this release, including,
without limitation, statements regarding future plans and
objectives of the Corporation, are forward looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from the Corporation's expectations are
exploration risks detailed from time to time in the filings made by
the Corporation with securities regulations.
The reader is cautioned that assumptions used in the preparation
of any forward-looking information may prove to be incorrect.
Events or circumstances may cause actual results to differ
materially from those predicted, as a result of numerous known and
unknown risks, uncertainties, and other factors, many of which are
beyond the control of Sundance. As a result, we cannot guarantee
that any forward-looking statement will materialize and the reader
is cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward- looking statements contained in this news release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release, and Sundance does not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by Canadian securities law.
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved nor disapproved the
information contained herein.
Contacts: Sundance Energy Corporation Jeffrey Standen President
/ CEO (403) 538-8446 (403) 228-7759
(FAX)jeff@sundance-energy.cawww.sundance-energy.ca
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