Brinx Resources has elected to participate in the drilling of the first development well at the successful 09-3 Oklahoma Project.
The development well is located directly offset the new oil and gas discovery well at 09-3 #1 and will test the same productive pay zones encountered previously in the 08-3 and 09-3 drill programs. Weather permitting, drilling of this well should start within the next 30 days.
The 09-3 #1 discovery well was placed into production on January 22, 2010. The initial flow rates for the well were of 450 to 550 barrels of fluid per day with an oil cut ranging from 50 to 70% with natural gas production of over 400 mcf per day.
"It's very exciting to move quickly with development plans to offset our most recent oil and gas discovery in Oklahoma," said Leroy Halterman, President of Brinx Resources. "We are optimistic that this could be the first of several development wells that will be required to fully exploit this productive new pool."
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