Sun River Energy, Inc. announces the successful drilling of a second methane gas/well in Colfax County, New Mexico. In drilling, several gas zones blew gas and it appears there are over 50 feet of total coal zones, some of which are above the fluid level in the hole. The well built up well head pressure open hole. The Company intends to fully log, perforate, and test, in the next several weeks.
Wes Whiting, President, stated that he believes this well is proof of concept that the first well is not an aberration and that there is producible methane on the Sun River Raton Basin property. This second well drilled is approx. 2 miles southeast of the first well. This well extends the area of discovery of the first well to a significant new area, and will allow much more accurate assessment of the potential methane reserves of the Company. Mr. Whiting stated that the Company is very excited about the second well discovery.
About Sun River Energy, Inc.
Sun River Energy, Inc., a development stage company, is engaged in the exploration and development of oil and gas properties in the United States. Sun River Energy's objective is to seek out and develop opportunities in the Oil and Natural Gas sectors that represent a low risk opportunity. As well, Sun River aims to define larger projects that can be developed with joint venture partners. Sun River is confident that these viable opportunities exist in a sector that holds long-term fundamental growth opportunities.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, 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. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.
Contact:
Contacts:
Sun River Energy, Inc.
Steve Naremore
Investor Relations
1-409-770-0071
http://www.sunriverenergy.com
Source: Sun River Energy, Inc.
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