Sun Cal Energy, Inc. (SCEY) announced that it has been advised by the operator of the Cunningham 1-02 well on the Hobart Prospect in Washita, County, Oklahoma that the daily gas flow rates from the Cunningham well are in excess of 12M cubic feet a day. These results build on the successful drilling and commercial results of the first deep development well, Sturgeon 1-11, also drilled by the same operator and located within the Hobart Prospect. Together, these two wells represent the commercial success of the Hobart Prospect.
Sun Cal owns a 1.5% gross overriding royalty interest in the 1211 acre Hobart prospect strategically located in the Anadarko Basin and part of the Springer Morrow play – the largest such play in the State and Mid-Continent. Key players running rigs in the immediate area include Marathon Oil, Chesapeake Energy, and Range Resources. Recently, Range Resources applied before the Corporation Commission of the State of Oklahoma to seek a third scheduled well within the Hobart Prospect.
Lewis Dillman, president and chief executive officer of Sun Cal stated, “The successful drilling and production of these wells suggest that the prospect could attract additional interest and thus drilling activity by major operators. This in turn could provide greater cash flows and upside potential to our shareholders.”
Sun Cal Energy Inc. is an independent oil and gas exploration company with headquarters in Calgary, Alberta, and an operational office in San Francisco, California. Sun Cal Energy aims to secure and develop a portfolio of oil and gas properties throughout America. The company is strategically placed in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana, and the Green River Basin of Wyoming.
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