Breitling Oil and Gas Announces Spud of Breitling-Sandy Run #1 in Louisiana
IRVING, TX (June 29, 2011) –
Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced that it has spud the Breitling-Sandy Run #1 prospect in St. Helena Parish, Louisiana on June 12, 2011.
The Breitling-Sandy Run #1 is a 3800′ well and is targeting Miocene Sands which showed seismic amplitude anomalies on a recently acquired 3D data set.
The Sandy Run Prospect is regionally located on the Gulf Coastal Plain with structural dip predominantly in a south to southwest direction. Sandy Run is on strike with numerous Frio gas fields found to the northwest in Amite Co., Mississippi. These Frio fields were found using seismic that identified the reservoirs by a similar amplitude anomaly.
Breitling Oil and Gas expects to recover reserves of 6 to 9 BCF of natural gas.
Management anticipates the well will reach total depth in about 7 days. Well completion and testing should begin during the first week of July.
Breitling Oil and Gas CEO Chris Faulkner stated, “I am pretty bullish on natural gas pricing over the next 18 months so it’s the perfect time to drill the Breitling Sandy Run.” Faulkner added, “We have great well control and 3D over the prospect and the reserves could be sizeable.”
An additional 3 wells can be drilled if commercial production is found in the initial test well. Breitling has current oil and gas exploration projects all over the United States.
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.