Sun Cal Energy (fka SCEY)

[needy]

Sun Cal Energy Rated 'Speculative Buy/4' With 12-Month Target Valuation Of $4 By Investrend Affiliate SISM Research

Jun 25, 2007 08:30:20 (ET)


NEW YORK, Jun 25, 2007 (BUSINESS WIRE) -- (Investrend Research Syndicate) Ernest C. Schlotter, a senior analyst with Investrend affiliate SISM Research and a four star analyst according StarMine, has initiated coverage of Sun Cal Energy Inc. (SCEY, Trade ) with a "Speculative Buy/4" rating and a 12-month target price of $4.

The full SISM report on SCEY, including important disclosures, disclaimers and analyst qualifications is available at http://www.sism.com and http://www.investrendresearch.com , or may be directly accessed via this link: http://investrend.com/Admin/Topics/Articles/Resources/ 466_1182751792.pdf (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.

According to SISM analyst Schlotter:

"Just recently, the Company reached a significant milestone. The Sturgeon #1-11 well has been successfully drilled by Marathon Oil. In addition, Marathon Oil is expected to expand its drilling activities on the lease. This is significant news for Sun Cal's progression toward production and cash flow. Sun Cal will receive 1.5% from revenues from the production of oil and gas from the wells, but does not have to pay for the drilling or monthly operating expenses.

"In California, the Company acquired seismic data that will allow for additional geophysical correlation and interpretation of the prospect that will firm up well locations for drilling in 2007. This additional seismic data will also provide insight into the reserve estimates of the prospect, targeting a potential of 75 MMBO of recoverable reserves.

"In Louisiana, seismically defined closure on the eastern extension of the Tuscaloosa trend is potentially of the same size and closure of other established Tuscaloosa fields on the trend. The average per field reserves for the deep Tuscaloosa fields is approximately 250 BCF. If secondary targets are successful, it could prove to hold significantly larger potential reserves of up to 5 TCF in size."

Sun Cal Energy Inc., based in Calgary, Alberta, Canada, with US offices in San Francisco, is an active acquirer of oil and natural gas properties and is focusing on North America's most productive hydrocarbon areas like the southern San Joaquin Basin in Kern County, California and on the eastern extension of the Tuscaloosa trend in St. Bernhard Parish in Louisiana. In addition, Sun Cal Energy owns a 1.5% Overriding Royalty Interest on a 1,211-acre property in Western Oklahoma's Anadarko Basin. The property is going to be drilled and operated by Marathon Oil. The first well drilled on this lease has been successfully drilled and completion operations will commence soon.

SISM Research, based in Zurich, Switzerland, is a private investment research firm offering high-quality, independent, fundamental research on public companies since 1995. SISM Research writes, publishes and distributes research coverage on micro- to small-cap public companies trading on the OTC, NASDAQ and AMEX. This coverage is geared toward institutional and individual investors in both North America and in German-speaking Europe, a market that represents more than 100 million people. SISM Research is a content provider to Thomson Financials OneAnalytics/FirstCall and Investext, Reuters Multex, Knobias and Investrend.

Both SISM Research and Investrend Research subscribe to the exacting "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com , as well as the CFA-NIRI Guidelines at http://www.cfainstitute.org . SISM's Research platform is also executed in accordance with Guidance set forth by U.S. Securities and Exchange Commission's Advisory Committee on Smaller Public Companies at http://www.sec.gov/info/smallbus/acspc/acspc-finalreport_d.pdf .

Sun Cal Energy will pay SISM Research $1,750 per month over a two-year period solely to ensure independent coverage. SISM and Investrend Research take steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage.

Complete information about this company is available at the company's InvestorPower page accessible from http://www.investrend.com/company/list.asp?sPathParam=yes , and the full report is available at http://www.sism.com and http://www.investrendresearch.com . Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.

Anyone interested in receiving alerts regarding Sun Cal Energy research should email [e-mail] or [e-mail] with "SCEY" in the subject line, or click on http://www.investrend.com/contact.asp .

Forward-Looking Statements: Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results.

SOURCE: Sun Cal Energy Inc.


Investrend Research Div.