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Sundance Energy Corporation has reported an update on recent drilling activities in the Ochapowace Area located in south east Saskatchewan.
The 16-32 Test Well commenced drilling before the end of November 2013 and was drilled to a depth of approximately 1,250 meters subsurface. The 16-32 Test Well evaluated the Jurassic Sands, the Bakken, Lodgepole and Birdbear formations. Cores were cut and taken in the Bakken and Lodgepole formations. Seven inch (7") casing has been run/set from surface down to 30 or 40 meters into the Birdbear formation. The 16-32 Test Well is currently standing cased and awaiting further evaluation of the logs and cores.
The 16-32 Test Well was drilled, logged, cored and cased at no cost to Sundance. These costs were incurred 100% by a third party exploration company. Any further completion or abandonment costs will also be incurred 100% by the third party exploration company.
Sundance retains a 45% interest in the 16-32 Test Well and surrounding lands. Sundance remains the Operator of the 16-32 Test Well and the Operator of the approximately 40,000 acres in the Ochapowace Project Area.
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