Need Sun Cal Energy, Inc. - SCEY exposed to more investors? RealPennies.com can help.Sun Cal Energy, Inc. Details:Sun Cal Energy, Inc. engages in the exploration and development of oil and gas properties. It holds a 1.5% overriding royalty interest in the Hobart lease covering an area of approximately 1,211.44 acres situated in the city of Hobart, Oklahoma; a 45% interest in the Lokern leases, which consists of 34 oil and gas exploration leases comprising 400 acres located in Kern County, California; and a 5% working interest in the Britlind prospect and leases covering 9,440 acres located in the Breton Sound area, offshore Louisiana. It also owns a 5% overriding royalty interest in the Centurion property consisting of 17,000 acres of producing oil and gas assets in Texas, Oklahoma, Alabama, Louisiana, ...ENERGY SECTOR | OIL, GAS & CONSUMABLE FUELS INDUSTRY Sun Cal Energy, Inc.(SCEY:OTC BB)LAST $0.41 USD
CHANGE TODAY +0.01 2.50%
VOLUME 135.5K
SCEY On Other Exchanges
As of 11:36 AM 05/12/08 All times are local (Market data by Reuters is delayed by at least 15 minutes).
SCEY DetailsDetailed Description...
www.suncaloil.com
2 Employees
Founded in 2006
Latest 10-K
Latest 10-Q
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Top Compensated Officers
Mr. George Drazenovic CGA, MBA, CFA
Chief Financial Officer, Principal Accounting...
Age: 36
Total Annual Compensation: $100.0K
Mr. Lewis Dillman
Chief Executive Officer and President
Age: 50
Total Annual Compensation: $28.0K
Executives, Board Directors Compensation as of Fiscal Year 2007.
Key developmentsSun Cal Energy Announces Commencement of Drilling on the Sibley 84 #1 Well in the West Gomez Field
04/24/2008
Sun Cal Energy Inc. announced that drilling has commenced on the Sibley 84 #1 well, the first of several wells to be drilled in the multi-pay prospect in the West Gomez Field within Pecos County, Texas. The operator, Stratco Operating Company, recently begun the re-entry phase of the Block 83 84 Project, and to date has drilled down to the 8th plug at 10,000 feet. Drilling will continue for the next couple weeks until the total depth of 22,820 feet is reached and the well bore is free of any remaining plugs. Completion operations are then expected to commence on Sibley 84 #1 well, at which time the rig will then be moved to the Gulf-Baker 83 #1 well in anticipation of drilling, to a target depth of 22,800 feet. Drilling of the third well, Sibley 84 #2, will commence shortly thereafter and is expected to be drilled to a total depth of 4,000 feet. Having produced in excess of 5 trillion cubic feet (TCF) of natural gas, the West Gomez Field is one of the most prolific gas plays in the United States. The prospect, 83 84, consists of two re-entry wells, the Gulf-Baker 83 #1 (originally owned by Gulf and operated by Getty Oil Co.) and the Sibley 84 #1, as well as a new well, the Sibley 84 #2, on a 1280 acre lease in Pecos County, Texas. Based on published production data and geological and engineering calculations, recoverable reserves are estimated to be more than 27 billion cubic feet (BCF) of gas and 50,000 barrels of oil (bbls). Sun Cal´s interest will be 2% while any cost over-runs will be assumed by the operator. Sun Cal Energy Eyes Buys
04/7/2008
Sun Cal Energy Inc. announced the acquisition of a minority joint venture interest in a three well, multi-pay prospect in the West Gomez Field within Pecos County, Texas. "We will continue to consider acquisitions that allow the Company to grow at a sustainable pace," stated Lewis Dillman, CEO of Sun Cal Energy. "While adding to our portfolio of assets, we are also keenly pursuing the recommendations of the Schlumberger report regarding the Jonah Prospect in Wyoming and thus providing our shareholders greater exposure to one of North America´s fastest growing natural gas fields." Sun Cal Energy Seeks Opportunities For Strategic Partnerships
02/28/2008
Sun Cal Energy Inc. announced the completion of the SE Jonah Prospect reserve analysis and drilling program by Schlumberger Data and Consulting Services. Lewis Dillman, CEO of Sun Cal Energy said: "We are extremely pleased with the results of the Schlumberger evaluation. We expect to continue to undertake tangible steps to develop this prospect, and in particular explore opportunities to enter into strategic partnerships with key major producers in the area. Furthermore, these results add momentum to our desire to develop the West Jonah prospect nearby and seek additional acreage in the area that would provide our shareholders greater exposure to one of North America´s fastest growing natural gas fields."
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