Breitling Oil and Gas Announces Re-Entry of Breitling-Davenport #1 Has Begun
IRVING, TX (April 27, 2011) –
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-Davenport #1 on April 10, 2011 in Guadalupe County, Texas. The well is a re-entry of a vertical well in the Austin Chalk formation. The company intends to re-complete in the Chalk as well as perforate and frac the Buda Lime and the Eagleford. Both zones were ignored in the original completion that occurred in November 1991. The well is expected to be completed within the next few weeks.
Chris Faulkner, CEO of Breitling Oil and Gas, said, “The original logs from 1991 show we have a great-looking virgin Eagleford zone as well as a nicely formed Buda zone.” Faulkner added, “Back in 1991 no one knew how to complete and stimulate an Eagleford zone to unlock the hydrocarbons. However, we certainly do now.”
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 October 2004 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.