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SNY

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Share Name Share Symbol Market Type
TSXV:SNY TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Sundance Energy Announces Lashburn Area Saskatchewan Status Update

20/01/2012 10:30am

Marketwired Canada


Sundance Energy Corporation ("Sundance" or the "Corporation") (TSX VENTURE:SNY)
(OTCQX:SNYXF) announces that the previously announced lease acquired from the
Moosomin First Nation (see News Release dated November 16, 2011) in the Lashburn
Area, Saskatchewan has been farmed-out to a private oil and gas operator that is
currently active in the Lashburn Area. The Lashburn lease lies within the
boundaries of the Lashburn West Sparky oilfield located in Western Saskatchewan.


Under the terms of the Farmin Agreement Sundance's farmin partner will drill
four development wells on Sundance's Lashburn lease. Sundance's farmin partner
will pay 100% of the costs to earn a 60% interest in the four development wells.
Sundance will be carried at no cost through the drilling, testing, completion
and equipping costs, including the tanks, in all four development wells and will
retain a 40% interest in these wells. Sundance's farmin partner must drill the
first development well on or before May 30, 2012, the second well on or before
June 30, 2012, the third well on or before July 30, 2012 and the fourth well on
or before August 30, 2012. If Sundance's farmin partner does not meet its
drilling commitments then all rights to the Lashburn lease revert back to
Sundance. 


Upon Sundance's farmin partner meeting its drilling commitments Sundance will
retain a 50% participation interest in the balance of the Lashburn lease that
may see as many as four additional wells drilled during 2012.


Sundance Energy Corporation is a junior publicly traded oil and gas company
whose primary focus is exploring First Nation Lands in Western Canada. Sundance
trades in Canada on the TSX Venture Exchange under the trading symbol "SNY" and
on the OTCQX Exchange in the U.S.A. under the trading symbol "SNYXF".


Forward Looking Statements

This news release contains forward-looking statements relating to the future
operations of the Corporation and other statements that are not historical
facts. Forward-looking statements are often identified by terms such as "will",
"may", "should", "anticipate", "expects" and similar expressions. All statements
other than statements of historical fact, included in this release, including,
without limitation, statements regarding future plans and objectives of the
Corporation, are forward looking statements that involve risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual
results to differ materially from the Corporation's expectations are exploration
risks detailed from time to time in the filings made by the Corporation with
securities regulations.


The reader is cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or circumstances
may cause actual results to differ materially from those predicted, as a result
of numerous known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of Sundance. As a result, we cannot guarantee that
any forward-looking statement will materialize and the reader is cautioned not
to place undue reliance on any forward-looking information. Such information,
although considered reasonable by management at the time of preparation, may
prove to be incorrect and actual results may differ materially from those
anticipated. Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The forward-looking statements
contained in this news release are made as of the date of this news release, and
Sundance does not undertake any obligation to update publicly or to revise any
of the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by
Canadian securities law.


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