Brinx has completed drilling and run production casing at the OK#5-1 well, making it their seventh consecutive successful well at the Oklahoma Projects drill programs.
The OK#5-1 was a one well exploration drill program targeting hydrocarbon bearing sands similar to that encountered at the Company's earlier successful wells, but located approximately fifteen miles to the northeast. Initial electric and radiation logs indicated that the well had encountered multiple pay zones and the decision was made to directly run production casing.
To date, Brinx and its partners have drilled seven consecutive successful wells at the Oklahoma Projects drill programs, including three of which that are currently producing and selling oil and gas at a combined stabilized rate of over 550 barrels of oil per day with approximately 200 thousand cubic feet of natural gas. A third well that tested at over one million cubic feet of natural gas per day along with 20 barrels of oil is awaiting a pipeline to be completed later this month before production and selling. The four remaining wells, including the OK#5-1, will be completed and begin production over the next several weeks.
"We stepped out over 15 miles from our last well to drill this test," said Leroy Halterman, President of Brinx Resources. "Its success is another confirmation of our knowledge and understanding of the complicated local geography. We look forward to participating with our partners to further develop this new discovery."
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