Breitling Oil and Gas Announces Spud of Breitling-Stepp Prospect
IRVING, TX (June 7, 2011) –
Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced that it has spud the Breitling-Stepp prospect in Hardemann County, Texas on May 28, 2011.
The Stepp NE well is scheduled to be drilled to a depth of approximately 8600′ or to a depth sufficient to test the Mississippian Chappel reef. The Prospect is located 7 miles southeast of the Quanah townsite. The Mississippian-aged rock is a fractured, often vugular limestone which tends to be highly dolomitized.
Management anticipates the well will reach total depth in about 18 days. Well completion and testing should begin during the last week of June.
Breitling Oil and Gas CEO Chris Faulkner stated, “We are excited to continue our drilling efforts in Hardeman County with the Breitling-Stepp #1.” Faulkner added, “The Mississippian Chappel has produced some great wells for us in the area and we feel confident that our 3D-seismic shoot has found another interesting anomaly within our acreage position here.”
An additional 4 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.