Breitling Oil and Gas Announces Spud of Breitling-Potter Church Prospect
IRVING, TX (October 13, 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-Potter Church prospect in Garfield County, Oklahoma. The company controls 2240 gross acres surrounding the prospect.
The proposed well is located within closures mapped at the Skinner, Mississippi Lime, Carmichael Sand, and Lower Layton Sand above an estimated total vertical depth of 5,800 feet. The leasehold position was estimated by Martin & Associates, Inc. in October 2010 to hold 1.6 MMBOE worth of reserves.
Management anticipates the well will reach total depth in approximately nine days. Well completion and testing will begin in late October 2010. Additional well locations may be proven within the acreage block upon successful completion of the initial test phase of drilling.
Breitling Oil and Gas CEO Chris Faulkner stated, “Our Potter Church prospect has enough acreage running room to allow for a sizeable field to be drilled in Garfield County.” Faulkner added, “We have great sub-surface mapping and are utilizing all of Breitling’s technology to chase these sands down and locate some sizeable reservoirs out here for our investors.”
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.