Brinx has successfully drilled an additional oil and gas well at the Three Sands Project in Noble County, Oklahoma.
Based on initial electric and radiation logs, the well encountered multiple potential pay zones that were located structurally higher than projected. This structural position allowed several additional prospective pay zones to be intercepted by the wellbore. Production casing has successfully been set and surface equipment is currently being installed for final completion within the next two to three weeks.
"The Three Sands Project continues to produce good results and return on investment for the Company," said Leroy Halterman, President of Brinx Resources. "In fact, with oil prices reaching a two year high, we hope to expand this project by re-entering one of its existing producing wells and completing several additional pay zones that were identified during initial testing but never exploited."
Brinx Resources holds a 40% interest in four producing oil and gas wells on the Three Sands Project and a 25% working interest in the newest well.
Further information regarding progress at the Three Sands Project and other Brinx developments will be released, as it becomes available.
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