Oil and Gas Investing News » Sun Cal Energy Inc. Acquires San Joaquin Property

Sun Cal Energy Inc. Acquires San Joaquin Property

July 19, 2010 @ 5:11 pm In Oil & Gas Company News

Sun Cal Energy Inc. (PINKSHEETS: SCEY) announced the acquisition of a 935 acre lease, located in the prolific San Joaquin Valley Basin of Central California.

The press release is quoted as saying:

The company has purchased a 50% working interest (WI) and a 35% Net Royalty Interest (NRI) for $225,000.00 US in preferred shares of the company, convertible into common shares at the discretion of the holder at $.10 per share.

Click here to access the entire press release ^[1]

Click here to access Sun Cal Energy Inc. Corporate Site ^[2]

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URLs in this post:

[1] Click here to access the entire press release: http://www.marketwire.com/press-release/Sun-Cal-Energy-Inc-Acquires-San-Joaquin-Property-1292052.htm

[2] Click here to access Sun Cal Energy Inc. Corporate Site: http://www.suncaloil.com/