Oil, gas located on Ochapowace, Muskowekwan First Nations

Sundance Energy Corporation has finished exploratory test wells on its 40,000 acre Ochapowace First Nations Lands and on its 58,000 acre Muskowekwan First Nations Lands. The two exploratory test wells indicate oil and gas and Sundance has determined that the reservoirs present are capable of supporting potential hydrocarbon production. Sundance holds federal oil and gas permits on First Nations Lands within this area and as a result, is able to drill its federally governed lands within the provincially designated potash belt.Sundance has selected six additional vertical drilling locations, three on each First Nation. Results from this multi-well drilling program will assist Sundance in defining the potential of these reservoirs and what steps to take next.