Sun Cal Energy Inc. (SCEY)

Shares of Sun Cal Energy Inc. (OTCBB: SCEY) recently announced the acquisition of the Jonah Prospect in Wyoming US. Sun will gain access to 6,000 acres of land in the Jonah Field region in Wyoming. This is the second largest oil reserve in the US.

Sun Cal also has a prospect in South Jonah consisting of 2,478 acres of land and in West Jonah consisting of 3,547 acres. The land around Sun Cal's territory belongs to EnCana, Chevron/Texaco, Yates Petroleum, and BP.

"We are very pleased to add an asset of this class to our expanding portfolio of high impact oil and gas properties. The Jonah Field is a world class natural gas development area, with plans to allow the development of more than 3,000 new wells," commented Lewis Dillman - president and CEO of SCEY - in a statement.

This gives the company an oppurtunity to drill 37 wells. Current estimates say there are between 1 and 3 BCF (billion cubic feet) in each well. In total, South Jonah and West Jonah could provide between 37 BCF and 111 BCF of oil at a value of $222 million to $667 million.

SCEY is an independent oil and gas exploration company with headquarters in Calgary, Alberta, and an operational office in San Francisco, California.

Disclosure: I do not currently hold any stock in SCEY.