The Three Sands Project offers significant upside in the short and long term. During the past 9 months Brinx has expended $600,000 on the Three Sands. Most of these funds were applied to acreage acquisition and the development of one large-diameter high-volume disposal well. The disposal well is exceeding expectation and should be able to handle water from up to five production wells.
“The completion of the seismic survey on Three Sands represents a very favorable step for Brinx in moving forward towards further developing this project,” said Brinx President Leroy Halterman. “The potential upside at Three Sands is considerable as is evidenced by results of the continuing production from the initial test well, and other significant oil companies actively developing neighboring acreage.”
The primary target of this project is the prolific Arbuckle, Wilcox, and Viola formations. Geologically this field is a balded structure where a combination of structure and erosion produced the prolific field. Pay zones in the project range from the Arbuckle to the Pennsylvanian and are productive over a 5,000-foot interval that starts at less than 1,000 feet from the surface. The project is operated by Vector Exploration and consists of 880 acres of fee oil and gas leases.
Brinx Resources is an expanding exploration company focused on developing North American oil and natural gas reserves. The company's current focus is on the continued exploration and development of its land portfolio comprised of working interests in the Three Sand Project in Noble County, Okla. (40% interest); the Owl Creek Project in McClain County, Okla. (50% interest); and the Palmetto Point Project in Mississippi (10% interest). Brinx Resources is seeking to expand its portfolio to include additional interests North America.
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