Sundance Energy Corporation

October 31, 2011 06:30 ET

Sundance Updates Poundmaker and Hoole Activities

CALGARY, ALBERTA--(Marketwire - Oct. 31, 2011) - Sundance Energy Corporation ("Sundance" or the "Corporation") (TSX VENTURE:SNY) (OTCQX:SNYXF) announces that it has entered into an agreement with a private oil and gas exploration company to drill one horizontal test well on its Poundmaker Property prior to December 31, 2011. The horizontal test well will be an exploratory well and will be at no cost to Sundance. Sundance will retain a 50% interest in the Poundmaker Property with 50% participation in future development of the asset. In the event the exploratory horizontal test well is successful an independent engineering firm has recommended that up to 16 horizontal wells be drilled to fully develop the Poundmaker Property. The primary target is heavy oil production from the Cummings formation with a secondary target of shallow natural gas production from the Second White Specks formation. Cummings formation heavy oil is currently being successfully produced from vertical and horizontal wells in the nearby Carruthers oilfield, operated by Baytex Energy Corp.

Sundance also announces that it has engaged Sayer Energy Advisors to market, via a bid process, the Corporation's 75% interest in its Hoole Property located in Northern Alberta. The Hoole Property is a non-core property that the Corporation acquired through its amalgamation with Sentinel Rock Oil Inc.

Jeff Standen, President & CEO of Sundance comments, "Our operational focus is on developing our SE Saskatchewan assets and our Alexander Property in Central Alberta. We are lucky though to also have non-core assets that have possible upside potential and value. We are pleased that our non-core Poundmaker asset is going to be explored near term and that we will benefit from any success but do not have to risk any of our existing capital to test it. If we are able to successfully dispose of our Hoole Property this will provide a very positive non-dilutive source of financing for Sundance."

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 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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