Sun Cal Issues Seismic Update on Breton Prospect
Sun Cal Energy Inc. on Friday announced a seismic update on its Breton Prospect.
The Breton Prospect, located on a 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 are approximately 250 BCF. Furthermore, the Breton Prospect has secondary targets that, should they be successful, could prove to hold significantly larger potential reserves of up to 5 TCF in size.
Commenting on these developments, Lewis Dillman, President and Chief Executive Officer of Sun Cal Energy Inc. states: "We are very excited by the magnitude of the potential reserves held by our leases. The size of these reserve estimates will allow us to explore relationships with major industry players, leverage their expertise, and thus maximize shareholder value."
Sun Cal's Breton Prospect is surrounded by activity by major industry leaders. Most recently, for example, BP Americas completed the Majors #7 in the Judge Digby Field in Point Coupee Parish, La., at a rate of 50 MMCF/d, a well now considered as the largest gas producing well in North America.
Similarly, according to the US Geological Survey released in February 2007, an assessment of undiscovered gas resource in the Tuscaloosa trend in Louisiana concluded that large volumes of undiscovered gas are likely present with estimates ranging from 8 to 27 TCF.
Lewis Dillman states: "We believe we are well positioned to take advantage of the increased activity spurred on by the increase in gas prices, huge potential reserves, and successes by major industry leaders. Our acquisition of the Breton Prospect is consistent with our strategy to acquire high potential properties with minimal risk exposure surrounded by major industry leaders. We look forward to fully exploring our properties to maximize value for our shareholders."
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, and the Tuscaloosa Trend of Louisiana.