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Sun River Energy To Develop New Mexico, Texas Oil Properties

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May 14, 2012

Sun River Energy Inc. (OTCBB: SNRV) has signed a non-binding Letter of Intent to enter into a joint venture with Dallas based Strata Resources Inc. The Letter of Intent between the parties anticipates the recompletion of one existing wellbore and the drilling of five (5) new wells, all of which will primarily target oil.

For the first time, Sun River will drill on its massive Colfax County, New Mexico property.  Specifically, Sun River will receive a 25% carried working interest in 3 wells drilled to test the oil bearing formations ...

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