Sundance Energy Corporation

September 22, 2011 06:00 ET

Sundance Exploration Update-Redford Saskatchewan + Alexander Alberta Areas

CALGARY, ALBERTA--(Marketwire - Sept. 22, 2011) - Sundance Energy Corporation (TSX VENTURE:SNY) ("Sundance" or the "Corporation") announces that it will commence the re-entry of the Cathkin 3-7-38-19 W3M well located on the Corporation's Redford Project (the "3-7 well") prior to September 28, 2011. The intention is to perforate and test the bypassed oil pay potential from the Sparky and McLaren formations. Results will be released when operations are completed. Sundance has a 100% working interest and is the operator of the 3-7 well. Based on achieving favorable results from the operations there are potentially three to five further development locations on the Redford Project.

The Corporation further announces that it has commenced the process to be able to drill the first well on the Alexander First Nation Project. It is anticipated that the first test well will commence drilling prior to November 15, 2011. The first proposed test well will be targeting light oil production from the Alexander Sand, the Detrital and Wabamun formations. Sundance will have a 50% working interest and will be the operator of the test well. In addition Sundance has commenced the necessary environmental and governmental approval process to begin shooting an extensive 3D seismic program on the Alexander First Nation Project lands. Sundance has permitted 27 sections (17,280 acre gross and 8,640 net acres) from the Alexander First Nation. The entire land position is prospective for light oil and gas production from the Basal Quartz, Alexander Sand, Detrital and Wabamun formations.

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 on the TSX Venture Exchange under the trading symbol "SNY".

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.

Contact Information

  • Sundance Energy Corporation
    Jeffrey Standen
    (403) 538-8446
    (403) 228-7759 (FAX)