SAN FRANCISCO, August 2 /CNW/ - Sun Cal Energy Inc. (OTC BB:SCEY), an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, and the Breton Sound of Louisiana is pleased to announce that it has acquired a 5% Overriding Royalty Interest in the Centurion Property.
The Centurion Property combines more than 17,000 acres of producing oil and gas assets across Texas, Oklahoma, Alabama, Louisiana and Mississippi. There are 153 producing wells on the asset with more than 50 additional proven/undeveloped drilling sites. Current production is comprised of 90% natural gas and 10% oil. Well operators include companies such as Exxon, Kerr-KcGee, Hunt Oil, Quicksilver and Vintex.
Lewis Dillman, President and Chief Executive Officer of Sun Cal Energy Inc. states: "We are pleased to be able to participate in the Centurion Property as it presents to us a current income stream with exciting future upside potential. We will continue to seek out great opportunities that provide solid revenue streams or significant developmental upside as we aim to maximize shareholder value."
Further Information
Shareholders and prospective investors are encouraged to visit Sun Cal Energy's website: www.suncaloil.com and download Sun Cal Energy's Investor Summary. Please feel free to call investor relations toll-free at 1-800-798-8334 to receive a full corporate investor's package.
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