SOURCE: Sun River Energy, Inc.

January 30, 2008 10:36 ET

Sun River Secures Capital to Support Ongoing Drilling Operations in Colfax County

WHEAT RIDGE, CO--(Marketwire - January 30, 2008) - Sun River Energy, Inc. (OTCBB: SNRV) announces that it has negotiated a Commercial Loan for $200,000. These funds will be used to cover payables from operations related to the Company's drilling of three wells in Colfax County, New Mexico.

In addition to news of the working capital, Sun River has run a significant test on its Myers #1 coal bed methane well recently that resulted in pipeline quality production for 24 hours, concluding in water production. Sun River views the water production favorably because, in the Raton Basis, water customarily seals the gas into the coal. As the water is produced, overtime, more and more gas is often desorbed by the coal into production. Sun River is planning to Frac both the Myers #1 and Myers #2 wells in the near future.

Information on these other wells will be made available as soon as it becomes available. Interested investors are encouraged to call Sun River Energy's Investor Communications firm, Equiti-trend Advisors. Representatives are available to investors daily during and after market hours from 10 a.m. to 5 p.m. eastern. See contact information below.

ABOUT SUN RIVER ENERGY, INC.

Sun River Energy, Inc. is a development stage, energy focused company engaged in the exploration and development of low-risk and historically overlooked oil and natural gas properties in the United States. Sun River Energy's objective is to seek out these opportunities and define larger scope projects that can be developed with joint venture partners. Sun River is confident that in the U.S. there exist a number of affordable, high return projects in this sector that can provide the Company long-term fundamental growth.

FORWARD-LOOKING STATEMENT:

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, 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. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.

Contact Information

  • CONTACT:
    Equiti-trend Advisors LLC
    (800) 953-3350 U.S. and Canada
    (858) 436-3350 Local