Utilizing a 2,000 horsepower drilling rig from Felderhoff Brothers Drilling Co., Breitling has commenced drilling its Breitling-Star #1 well toward the Mississippian Chappel geological formation, which is expected below approximately 8,400 feet.
The rig will operate on a 24-hour basis utilizing two drilling crews on 12-hour shifts. Samples will be collected, continuously analyzed for hydrocarbon content and stored.
Breitling's Chief Executive Officer, Chris Faulkner, said Friday, "We are excited to commence drilling of the BREITLING-STAR #1 prospect using our proprietary Geo3D technology. After 18 months of hard work assembling data, shooting 3D and analyzing pay zones, we are ready to drill to target depth and complete another successful well."
Breitling is drilling the BREITLING-STAR #1 using its proprietary technology, Breitling Geo3D. Geo3D represents an advance in filtering techniques for seismic data that can detect small vertical movements along fracture planes. This technology allows Breitling to see where hydrothermal solutions have leached and dolomitized and created enhanced porosity and permeability. Further, the technology allows Breitling to detect what overlooked "chimney" features that are apparent on 3D seismic but un-detected by normal interpretation.
Breitling Oil and Gas was founded in April 2003 to apply state-of-the-art petroleum and natural gas exploration and extraction technology to the development of onshore oil and natural gas projects. Our focus areas include Texas, Oklahoma and Louisiana. Breitling offers oil and gas investment opportunities through direct participation programs and oil and gas investment joint ventures which enable investors to participate in the potential cash flow and unique tax benefits associated with oil and gas investments. Especially important in a downturned economy, oil and gas investments allow savvy investors to diversify and reinforce their investment portfolios with a stable commodity that is in steady demand.
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