Breitling Oil and Gas Announces Completion Operations Underway in Duval County, TX on Breitling-Diego Garcia
IRVING, TX (June 3, 2011) –
Breitling Oil and Gas today announced that the Breitling-Diego Garcia #1 in Duval County, Texas is being completed as a possible oil and gas producer after reaching a total vertical depth of 6,250 feet.
The well was subsequently logged by Baker Hughes and based on analysis by Breitling’s engineers and geologists as well as Baker Hughes’ analysis of the Diego Garcia #1 logs. Chris Faulkner, CEO of Breitling Oil and Gas, said, “We had some good shows through the Pettus and Yegua and the well logs confirmed that.”
Baker Hughes Logging Company indicated that the most favorable zones for hydrocarbon production were a Pettus Oil Sand at 5446′, gas and oil in an upper Yegua Sand at 5636′, and Yegua gas sands at 5703′ and 5960′. Laboratory analysis of side wall cores and Formation Testing data confirmed the presence of oil and gas in these formations.
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.