Breitling Oil and Gas Readies Drilling Plan for BREITLING-DENMAN #1 Prospect
IRVING, TX (October 1, 2010) – Breitling Oil and Gas Corporation, an independent producer based in Irving, Texas, plans to begin drilling the BREITLING-DENMAN #1 in South Texas. The prospect is located in Victoria County near the Goliad/Victoria County line about 11 miles west of Victoria, Texas. The proposed location is for a 4,300 foot test of the several field pays and will be located in the J. Cheevers Survey.
This leasehold position consists of multiple separate target areas that have been selected for exploration with the first being the BREITLING-DENMAN #1 project. The acreage may be prospective for both oil and conventional gas production, the company reports.
The company reports that it plans to spud the BREITLING-DENMAN #1 on September 20, 2010. “We are extremely excited to have leased acreage that covers most of the structural apex and will allow for 2 -5 wells depending on how many pay sands are stacked at this structurally high position,” says Chris Faulkner, Chief Executive Officer for Breitling. Faulkner added, “We are on the flank with good access to the Miocene, Catahoula and the Frio zones at relativity shallow depths with good control well data.”
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.