Sun Cal Energy Inc (SCEY.OB), a leading energy exploration company, announced that the company 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 well are in excess of 12 million cubic feet a day.
This result further emphasizes Sun Cal’s successful drilling operations throughout multiple corporate properties. Previously, the company announced that their Sturgeon 1-11 well, also drilled by the same operator, was able to exceed initial pump estimates. As a result, these two wells represent the commercial success of the Hobart Prospect.
Lewis Dillman, President and Chief Executive Officer of Sun Cal Energy Inc, stated, “We are excited that a second deep development well has reached production and commercial validation. 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.”
Lewis Dillman added, “The successful drilling and production of a second deep development well represents another key milestone as we continue to seek cash flow and production,” stated Lewis Dillman. “Sun Cal will continue to focus on developing its assets, and seeking opportunities to partner with major industry leaders to maximize value to our shareholders.”
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