Brinx Resources reported that the drilling has been completed on the 2008-3 drilling program. Four of the five wells in the program were successful and production casing has been set on all four wells. All four wells encountered multiple potential pay zones. The first well in the program has been completed and completion of the second well is underway.
The first well completed was perforated over a large interval and then fracture treated. After recovering a minimal amount of the water used to fracture treat the well it started flowing load water, oil and natural gas. Currently the well is producing and selling natural gas at commercial rates and the produced oil will be sold as soon as a separator is installed. The second well in the program has been perforated and acidized and is awaiting the fracture treatment. Completion of the remaining two wells should start within the next month.
Targeted pay zones for various wells include the prolific Oil Creek and Bromide Sands, Viola Limestone, Deese Sandstone and Layton Sandstone. One of the wells has very similar geology and structure to the Bromide sands in the successful Owl Creek field previously owned by Brinx.
The recent drop in drilling and completing costs within the oil and gas sector has encouraged Brinx to resume its exploration activities. It is anticipated that the successful wells in this program will lead to additional development wells that can be drilled when the market for oil and gas prices recovers. These potential well locations and those that already have been identified on Brinx's other two prospects, both which are still producing economic quantities of oil and gas, should give Brinx ample locations to drill in the future.
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