Breitling Oil and Gas Announces Spud of Breitling-Denman Prospect
IRVING, TX (October 3, 2010) – Breitling Oil and Gas Corporation, an independent producer based in Irving, Texas, announced today that it has spud the first well of its BREITLING-DENMAN prospect in Victoria County, Texas.
The proposed well is located within closures mapped at the Frio, Catahoula and Miocene sand above an estimated total vertical depth of 4,300 feet.
Management anticipates the well will reach total depth in about four days. Well completion and testing will begin in early October 2010. Extensive reservoir parameter testing will be conducted on this well and results should be available to management within 2 weeks.
Breitling Oil and Gas CEO Chris Faulkner stated, “We are extremely pleased to begin the drilling operations on our first well on our leasehold in Victoria County. The spudding of our first well is an important step in demonstrating and developing the large energy potential of our acreage position in the Breitling-Denman Field.”
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.