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Standard & Poor's Initiates Factual Stock Report Coverage on Sun Cal Energy Inc.

Posted on: Thursday, 8 November 2007, 12:00 CST

Standard & Poor's announced today that it has commenced Factual Stock Report coverage on Sun Cal Energy Inc.

Sun Cal Energy, Inc. (OTCBB:SCEY), in the exploration stage as of June 30, 2007, engages in the exploration and development of oil and gas properties. Headquartered in Calgary, Alberta, Canada, the company is focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and the Green River Basin of Wyoming.

Sun Cal Energy holds a 1.5% overriding royalty interest in the Hobart Lease covering an area of approximately 1,211.44 acres situated in the city of Hobart, Oklahoma; a 45% working interest and a 75% net revenue interest in the Lokern Prospect comprising 400 acres located in Kern County, California; and a 5% working interest in the Britlind Prospect and leases covering 9,440 acres located in the Breton Sound area, offshore Louisiana. The company also owns a 5% overriding royalty interest in the Centurion Property consisting of more than 17,000 acres of producing oil and gas assets in Texas, Oklahoma, Alabama, Louisiana, and Mississippi; and has a 100% working interest in the Jonah Prospects covering 6,000 acres of leases located in the Jonah Field region of Wyoming.

In April 2007, the operator on the Hobart Lease, Marathon Oil, spudded and began drilling a deep development gas well, the Sturgeon 1-11, on the lease. The well reached a final depth of nearly 20,000 feet in May 2007. In September 2007, a second deep development gas well, Cunningham 1-2, was spudded and drilling activities commenced. In late August 2007, Range Production Co. filed for a third well to be drilled on the company's Hobart Prospect in Oklahoma. Range Production Co. is seeking to establish a 640-acre drilling and spacing unit for the third scheduled well to be drilled in the Hobart Prospect.

This report will also be accessible on an ongoing basis to the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.

About Standard & Poor's Factual Stock Reports

This Standard & Poor's service provides factual research coverage enabling information about Sun Cal Energy Inc and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company's fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor's. Standard & Poor's Factual Report research has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account.

Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P's STARS research) are eligible to obtain this coverage.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

Source: Business Wire

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