Brinx Resources reports that the second well from the 09-2 Oklahoma Project drill program appears to be another new discovery well. The mud logs displayed significant hydrocarbon showings in several formations.
This new 09-2 #2 well is in the same geographic area as the Company's successful 08-3 and 09-3 programs. A completion rig is now at the site for treatment and completion of the well. Completion techniques will include running a bond log, perforation, acidizing, and fracture treating. Following work at this new 09-2 #2 discovery well, the same rig has been scheduled to move to the recently announced 09-3 #1 discovery well site for a similar completion process.
"Good progress at both the 09-2 and 09-3 projects is now being made after previous heavy rains had hampered field operations," said President Leroy Halterman. "Now that the area has dried out, Brinx and its partners are moving ahead at full speed to complete these wells, drill new wells and initiate production. We now expect to make swift progress at our Oklahoma Project."
A well from the 08-3 program is currently producing between 370 and 390 barrels of oil per day and 60 mcf of natural gas per day, while the recently announced 09-3 #1 well also appears to have been a significant new oil discovery. Further information regarding the 09-2 and 09-3 drill programs and other ongoing Brinx exploration and development projects will be made available as information becomes available.
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