Sun River Energy, Inc. receives final reports on Raton Basin Project modeling
and provides update on objectives for 2010
Denver, CO - - (PRNewswire-Firstcall) - - July 8, 2010 - Sun River Energy, Inc.
(OTC Bulletin Board: SNRV - News) is pleased to be in receipt of the final
report on the results of gravity and magnetic modeling over its Raton Basin
Project area by Pearson Technologies Inc. (PTI). "I was intrigued to find so
many deep elevator basins in the area" comments Dr. Pearson of PTI. "Many years
ago, I spent time in that general area doing field work for a coal company. We
never suspected the complex Paleozoic structural geometry beneath our feet." As
part of the significant information detailed in the report, PTI notes there is a
"large depression that exceeds 14,000 ft. in depth, and several narrow grabens
that reach up to 12,000 ft. in depth."
"Sun River has over 120,000 acres of mineral interest in Colfax County" explains
Jay Leaver, President of Sun River. "It's too large an area to evaluate cost
effectively with seismic data. We opted to acquire a high-quality aeromagnetic
survey and purchase a license to a grid of gravity stations. PTI has been able
to use these data to provide an excellent image of the location of the elevator
basins in the area, and a fair estimate of their depth. This allows us to design
a targeted seismic program to evaluate the gravity and magnetic lead areas."
Gravity and magnetic data sets do not provide a high resolution image of
subsurface structures. During the course of their analysis, PTI found that the
signal from the upper edges of the basin prevented a magnetic-frequency based
estimate of the basin depth. Instead, depth was estimated by modeling the
gravity response.
The 2D seismic program planned as the next step in the area will provide
excellent resolution of the location and depth of the basins in the area, as
well as an indication of the rock velocities in the basin. Seismic velocities in
the source rock target are slower than in other rock packages in the subsurface.
"We have selected a number of gravity and magnetic leads for seismic evaluation,
and we are soliciting bids from seismic acquisition companies." Mr. Leaver says.
"We should be finished with the seismic exploration phase by end of summer, and
in a position to select and permit a drill site."
As an update, Sun River issues guidance on its Plan of Operations to provide
insight into planned activities in the Company for FY2010. Jay Leaver states:
"Over the next few months, we should see some exciting and dynamic developments
within Sun River. We are planning:
o To seek strategic partnerships to facilitate drilling and development of
our properties;
o the ongoing acquisition of targeted income producing oil and gas projects
to expand and enhance our portfolio; and
o increased 2D and 3D seismic surveys to assist in the location and design of
our well program for our Colfax County, NM gas property; and
o Additions to our management team and Board of Directors;
"We invite you to join us as we fully exploit the production potential and
financial upside of Sun River's growing project inventory."
About Sun River Energy:
Sun River Energy, Inc. is a Denver based oil and gas exploration company
focusing its efforts on North America, specifically oil and natural gas in the
Rocky Mountain region. We have strong ties to the investment community, and are
dedicated to growing investor stock value. For further information on the
Company, please visit our website www.SunRiverEnergy.com.
Media Contact:
Joe Kelloff
1-800-669-6511
info@sunriverenergy.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statement," as that term is defined
in Section 27A of the United States Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Statements in this press release which are
not purely historical are forward-looking statements and include any statements
regarding beliefs, plans, expectations or intentions regarding the future. Such
forward-looking statements include, among other things, the development, costs
and results of our exploration program at our energy properties and any
anticipated future production. Actual results could differ from those projected
in any forward-looking statements due to numerous factors. Such factors include,
among others, the inherent uncertainties associated with petroleum exploration
and development stage exploration companies. These forward-looking statements
are made as of the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions
contained in the press release are reasonable, there can be no assurance that
such beliefs, plans, expectations or intentions will prove to be accurate.