Breitling Oil and Gas Announces Re-Entry of BREITLING-BURR #1 Has Begun
IRVING, TX (May 17, 2010) – Breitling Oil and Gas, an independent oil and gas company based in Irving, Texas, today announced that the Company began the re-entry of the BREITLING-BURR #1 on May 7, 2010 in Jefferson, County Texas. The well is a re-entry of a vertical well in the Hackberry Sand formation. The well is expected to be completed within the next few weeks.
Last month Breitling announced it has acquired thousands of acres of leases in the Gulf Coast regions of Texas and Louisiana as it continues to expand its Gulf Coast Exploration initiative. Breitling identified 29 future oil and gas drilling locations within the acreage.
Chris Faulkner, CEO of Breitling Oil and Gas, said, “We are kicking off our Gulf Coast on-shore initiative with a prime re-completion prospect in the Hackberry formation and potentially fracing a new Frio pay zone simultaneously.” Faulkner added, “The initial bottom-hole pressure is coming in at 9000 psi and both existing fracs are intact and not watered out.” 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.