Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced that it has spud the Breitling-Limelight #1 on January 28, 2012 in Hardeman County, Texas.
The Breitling-Limelight #1 is located in southeastern Hardeman County, 9 miles southwest of the Chillicothe town site. The well will be drilled to approximately 8300’ and is targeting the Mississippian Chappell. Strong secondary objectives are the Canyon Reef, Palo Pinto Lime, Strawn Sand, Bend Conglomerate and the Holmes Sand. The Breitling-Limelight prospect was developed based upon advanced 3-D seismic analysis. The target of the Limelight #1 is a well-defined 3D seismic structure with definite 4-way closure. The structure is a very large anticlinal mound covering over 160 acres.
Management anticipates the well will reach total depth in about 17 days. Well completion and testing should begin during the first week of March.
Breitling Oil and Gas CEO Chris Faulkner stated, “There have been some significant wells drilled nearby the Limelight here in the Hardeman Basin.” Faulkner added, “We feel we have a perfect acreage position directly on top of this anticlinal mound.”
For more information on this and other activities of the Company, see the Breitling Oil and Gas website 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.