Sundance to Re-Enter Cathkin Well in Saskatchewan
Sundance will commence the re-entry of the Cathkin 3-7-38-19 W3M well located on the Corporation's Redford Project (the "3-7 well") prior to September 28, 2011. The intention is to perforate and test the bypassed oil pay potential from the Sparky and McLaren formations. Results will be released when operations are completed. Sundance has a 100% working interest and is the operator of the 3-7 well. Based on achieving favorable results from the operations there are potentially three to five further development locations on the Redford Project.
The Corporation further announces that it has commenced the process to be able to drill the first well on the Alexander First Nation Project. It is anticipated that the first test well will commence drilling prior to November 15, 2011. The first proposed test well will be targeting light oil production from the Alexander Sand, the Detrital and Wabamun formations. Sundance will have a 50% working interest and will be the operator of the test well. In addition Sundance has commenced the necessary environmental and governmental approval process to begin shooting an extensive 3D seismic program on the Alexander First Nation Project lands. Sundance has permitted 27 sections (17,280 acre gross and 8,640 net acres) from the Alexander First Nation. The entire land position is prospective for light oil and gas production from the Basal Quartz, Alexander Sand, Detrital and Wabamun formations.