BB's Stock Haven

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Nice bb! Got SCEY 1.38 +.16 on news: Sun Cal Energy Inc. Completes Acquisition of the Jonah Prospects in Wyoming; Potential Recoverable Gas Reserves in excess of $200 Million in this Energy Rich Region
Wednesday September 5, 9:00 am ET


SAN FRANCISCO--(BUSINESS WIRE)--Sun Cal Energy Inc. (OTC BB:SCEY - News), an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, and the Breton Sound area in offshore Louisiana is pleased to announce the company has completed the acquisition of 6,000 acres of high impact gas properties in the Jonah Field area of Wyoming.
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Sun Cal Energy Inc. has agreed to acquire a 100% working interest in 6,000 acres of leases in the Jonah Field region of Wyoming - the second largest proven gas reserve in the United States. This is the fourth core exploration and development region for Sun Cal Energy. Sun Cal's Prospects are identified as South Jonah, which consists of 2,477.68 acres and West Jonah, consisting of 3,546.89 acres. Most of the surrounding acreage is currently held by EnCana and Yates Petroleum, with BP and Chevron/Texaco also holding significant positions. In a recent auction of 1,280 acres approximately 5 miles to the Northeast, leases yielded $3,300/ acre.

With current well spacing regulations, Sun Cal can drill up to 37 wells on this acreage. With technology developed in the Jonah and Pinedale fields, current completion techniques estimate gas in place between 1.0 and 3.0 BCF per well. As such, South Jonah and West Jonah could provide between 37 BCF and 111 BCF of recoverable Reserves at a value of $222 million to $667 million. When the area is down spaced to allow wells on 20 acre spacing, 300 wells could be drilled resulting in nearly ten times the reserves and revenue.

About the Jonah Prospect

The Jonah Field and the Pinedale Anticline are acknowledged as the premier gas fields in the Rocky Mountains. These fields are located in Wyoming's Greater Green River Basin. According to the Wyoming State Geological Survey, the Greater Green River Basin contains approximately 26 TCF of natural gas which is the largest reserve in the State. The Jonah Field is estimated to contain 7 to 10 TCF of Natural Gas, which currently produces from more than 500 wells. Currently, EnCana, British Petroleum, Ultra Petroleum and Yates Petroleum are among the major players working in this area.

Commenting on these developments, Lewis Dillman, President and Chief Executive Officer of Sun Cal Energy Inc. states: "We are very pleased to complete the acquisition of these leases, and to add an asset of this class to our expanding portfolio of high impact oil and gas properties. The Jonah Field is a world class natural gas development area, with plans to allow the development of more than 3,000 new wells. We look forward to the opportunity of further developing this asset and participating in the future success of the area."

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.

About Sun Cal Energy Inc.

Sun Cal Energy Inc. is a publicly traded 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. Sun Cal Energy Inc. trades under the ticker symbol: SCEY - "Sun Cal Energy Inc. - Providing Energy Solutions to America".

On behalf of the Board

Lewis Dillman, President and CEO

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, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that Sun Cal Energy Inc. can identify and successfully negotiate leases for oil and gas properties in California, Louisiana Oklahoma, and Wyoming, and that the Company can participate in the exploration of those properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.



Contact:
Sun Cal Energy Inc.
Investor Relations
Lewis Dillman, 1-800-798-8334
[e-mail]
http://www.suncaloil.com

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Source: Sun Cal Energy Inc.
They've really beaten this one up recently...tuna