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8-K - FORM 8-K - SUN RIVER ENERGY, INC | d78147e8vk.htm |
Exhibit 99.1
Sun River Energy, Inc. Announces Completion of Permian Basin Well
Dallas, TX (PRNewswire-FirstCall) December 2, 2010 Sun River Energy, Inc.
(OTC:BB:SNRV). Sun River Energy, Inc. (the Company or Sun River) announces it turned the
Stansberry # 1 well to production on November 30, 2010.
The Stansberry # 1 well (API # 42-451-32661) is drilled to a total depth of 5,507 feet in Tom Green
County, Texas. The well is completed in the Harkey Sand geological formation at 4,780 to 4,784.
The well initially shut-in at 1,650 PSI tubing pressure while awaiting a pipeline connection.
Presently, the well is producing both natural gas and crude.
Sun River Operating, Inc. operates the well. Sun River Energy, Inc. owns a 39% working interest in
the well.
About Sun River Energy, Inc.:
Sun River Energy, Inc. is a Dallas-based, development-stage oil and gas exploration and production
company. For further information on the Company, please visit our website www.snrv.com.
Media Contact:
Gilbert Steedley
1-800-669-6511
Gilbert Steedley
1-800-669-6511
Notice Regarding Forward-Looking Statements
This news release contains forward-looking statements (statements which are not historical facts)
made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are based on current expectations rather than historical facts and
they are indicated by words or phrases such as anticipate, could, may, might, potential,
predict, should, estimate, expect, project, believe, plan, envision, continue,
intend, target, contemplate, or will and similar words or phrases or comparable
terminology. We have based such forward-looking statements on our current expectations,
assumptions, estimates and projections. While we believe these expectations, assumptions, estimates
and projections are reasonable, such forward-looking statements are only predictions and involve
known and unknown risks and uncertainties, and other factors that may cause actual results,
performance or achievements to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements, many of which are beyond our
control. These factors include, but are not limited to, the time to consummate any proposed
acquisitions; the risk that one or more conditions to closing a proposed transaction may not be
satisfied; the timing and extent of changes in market conditions and prices for natural gas and
oil; the timing and extent of the Companys success in discovering, developing, producing and
estimating reserves; the economic viability of, and the Companys success in drilling, the
Companys ability to fund the acquisition of oil and gas assets and the Companys planned capital
investments; the Companys future property acquisition or divestiture activities; increased
competition; and any other factors listed in the reports the Company has filed and may file with
the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on
these forward-looking statements, which reflect the Companys expectations only as of
the date they
were made. The Company undertakes no obligation to update or revise any forward-looking
statements to reflect new information or the occurrence of unanticipated events or otherwise.