Breitling Oil and Gas Announces Drilling Has Begun on Well #1 of Its Trinity Prospect
IRVING, TX (June 30, 2010) – Breitling Oil and Gas Corporation announced today that drilling has begun on the Trinity #1, the first of 3 wells in its Trinity oil and natural gas prospect. The Trinity #1 is located in Okfuskee County, Oklahoma. The initial well is being drilled to a depth of approximately 3700 feet and should achieve total depth by July 15, 2010.
Chris Faulkner, CEO of Breitling Oil and Gas, said, “Breitling is proud to sponsor the Mangru Report. Dan Mangru takes complex financial issues and addresses them on his show in a way that is easy to understand and identifiable to all.” Faulkner added, “It exposes Breitling to a wider audience of accredited investors and individuals who are deeply routed in the financial community.”
The Trinity #1 prospect is a relatively low-cost opportunity to test multiple oil sands that have proven highly prolific in surrounding fields. A single 3,700′ well will test the primary objectives: the Wilcox at 3,650′ and the Lower Gilcrease at 2,725′. Strong secondary objectives are the Hunton at 3,720′, the Cromwell at 2,900′, Union Valley at 2,800′, the Upper Gilcrease at 2,500′ the Booch at 2,300′, the Bartlesville at 1,900′ and the Croweberg at 1,100′.
“We are thrilled to have lots of running room on this acreage position combined with great geological and geophysical data,” said CEO Chris Faulkner.
Potential reserves for the Trinity #1 are estimated at 1,500,000 BO and 400,000 MCFG. A successful well on the Trinity #1 undrilled structural features could easily lead to the drilling of 4 to 6 additional oil wells on the acreage block.
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.