Breitling Oil and Gas Announces Completion Operations Underway in Garfield County, OK on the Potter Church
IRVING, TX (October 25, 2010) –
Breitling Oil and Gas today announced that the Breitling-Potter Church prospect in Garfield County, Oklahoma, is being completed as a possible oil and gas producer after reaching a total vertical depth of 5,980 feet.
From log analysis, the well encountered several potentially productive zones over a gross interval in the Mississippian Limestone formation from 5418 to 5802 feet; the Lower Layton Sand found from 4674 to 4712 feet; a Perry Gas zone from 4112 to 4120 feet; and the Carmichael Sand found from 3278 to 3288 feet. Testing and completion plans were finalized October 20 and a completion rig and crew will move into location the week of October 25.
Chris Faulkner, CEO of Breitling Oil and Gas, said, “The Potter Church came in high on structure with good traps and it looks like it’s going to be a good producer for Breitling and our investors.” Faulkner added, “We have a large acreage position in Garfield County and now with additional control we feel confident Breitling will be working the area for the foreseeable future.”
Breitling ran a density-neutron log, microlog and an induction log and decided to run pipe based in analysis by Breitling’s engineers and geological team. Joe Simo, Chief Geologist for Breitling Oil and Gas, said, “The total yield from the Potter Church could be as high as 145,000 BO and 4.5 BCFG of gas.” Simo added, “The anticipated subsurface structure was approximately 10’ higher than expected and the well’s unique structural position could allow for the projected production figures.”
For more information on this and other activities of the Company, see the Breitling Oil and Gas web site at http://www.breitlingoilandgas.com.
Breitling has current oil and gas exploration projects all over the United States.
—About Breitling Oil and Gas Corporation–
Breitling Oil and Gas was founded in April 2003 to apply state-of-the-art petroleum and natural gas exploration and extraction technology to the development of onshore oil and natural gas projects. Our focus areas include Texas, Oklahoma and Louisiana. Breitling offers oil and gas investment opportunities through direct participation programs and oil and gas investment joint ventures which enable investors to participate in the potential cash flow and unique tax benefits associated with oil and gas investments. Especially important in a downturned economy, oil and gas investments allow savvy investors to diversify and reinforce their investment portfolios with a stable commodity that is in steady demand.