Breitling has spud the Breitling-Diego Garcia #1 prospect in Duval County, Texas on May 17, 2011.
The Diego Garcia Prospect is a shallow oil and gas prospect in the heart of the rich Hockley, Pettus and Yegua Trend of South Texas. The Diego Garcia Prospect is a "horst block" trap that features a combination up-to-the-coast fault and a down-to-the-coast fault trapping mechanism. This prospect has Hockley production on the Northeast and Southwest side of this structure. The proposed location is for a 5,600-foot test six potential pay zones within the Hockley, Pettus and Yegua Sections. "If it comes in with just 15 feet of good sand in this area we can produce north of 500,000 barrels from this well," said Joe Simo, Chief Geologist for Breitling Oil and Gas.
Management anticipates the well will reach total depth in about 8 days. Well completion and testing should begin during the first week of June.
Breitling Oil and Gas CEO Chris Faulkner stated, "This is a great area and we had tremendous success here." Faulkner added, "Within just a few miles of the Diego Garcia, we have several great producers that we have drilled this year."
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.
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