Sundance Energy Corporation

November 02, 2011 13:41 ET

Sundance Energy Corporation Announces Alexander Project Update

CALGARY, ALBERTA--(Marketwire - Nov. 2, 2011) - 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.

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