Sundance Energy Corporation: Ochapowace 16-32-17-3W2M: Drilling Update
December 05 2013 - 4:17PM
Marketwired
Sundance Energy Corporation: Ochapowace 16-32-17-3W2M: Drilling
Update
CALGARY, ALBERTA--(Marketwired - Dec 5, 2013) - Sundance Energy
Corporation ("Sundance" or the "Corporation")
(TSX-VENTURE:SNY)(OTCQX:SNYXF) hereby provides an update on the
Corporation's recent drilling activities in the Ochapowace Area
located in south east Saskatchewan:
The 16-32 Test Well commenced drilling before the end of
November 2013 and was drilled to a depth of approximately 1,250
meters subsurface. The 16-32 Test Well evaluated the Jurassic
Sands, the Bakken, Lodgepole and Birdbear formations. Cores were
cut and taken in the Bakken and Lodgepole formations. Seven inch
(7") casing has been run/set from surface down to 30 or 40 meters
into the Birdbear formation. The 16-32 Test Well is currently
standing cased and awaiting further evaluation of the logs and
cores.
The 16-32 Test Well was drilled, logged, cored and cased at no
cost to Sundance. These costs were incurred 100% by a third party
exploration company. Any further completion or abandonment costs
will also be incurred 100% by the third party exploration
company.
Sundance retains a 45% interest in the 16-32 Test Well and
surrounding lands. Sundance remains the Operator of the 16-32 Test
Well and the Operator of the approximately 40,000 acres in the
Ochapowace Project Area.
Sundance Energy Corporation is a publicly traded junior oil and
gas exploration company whose shares trade on the TSX Venture
Exchange under the trading symbols "SNY". Sundance focuses its
exploration activities exclusively on First Nation Lands located in
Western Canada.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release contains certain statements which
constitute forward-looking statements or information
("forward-looking statements"), including statements regarding
Sundance's business, such as anticipated oil production, which by
their nature are forward-looking statements and which are subject
to numerous risks and uncertainties, some of which are beyond
Sundance's control, including the impact of general economic
conditions, industry conditions, volatility of commodity prices,
currency fluctuations, imprecision of reserve estimates,
environmental risks, operational risks in exploration and
development, competition from other industry participants, the lack
of availability of qualified personnel or management, stock market
volatility and the ability to access sufficient capital from
internal and external sources. Although Sundance believes that the
expectations in our forward-looking statements are reasonable, our
forward-looking statements have been based on factors and
assumptions concerning future events which may prove to be
inaccurate. Those factors and assumptions are based upon currently
available information. Such statements are subject to known and
unknown risks, uncertainties and other factors that could influence
actual results or events and cause actual results or events to
differ materially from those stated, anticipated or implied in the
forward looking information. As such, readers are cautioned not to
place undue reliance on the forward looking information, as no
assurance can be provided as to future results, levels of activity
or achievements. The forward-looking statements contained in this
document are made as of the date of this document and, except as
required by applicable law, Sundance does not undertake any
obligation to publicly update or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements
contained in this document are expressly qualified by this
cautionary statement.
Sundance Energy CorporationJeffrey StandenPresident and Chief
Executive Officer(403) 668-0427
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