Brinx has successfully completed the OK#5-1 as another naturally flowing oil well at the Company's Oklahoma Projects drill program.
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. After completion, the well was tested at various choke sizes and had a stable flow rate of over 450 barrels of oil per day on a 30/64 inch choke.
The OK#5-1 well has now been temporarily shut-in while a storage tank battery and other production equipment is built and installed. Brinx anticipates first production from this well in early July and related increased revenue in September.
"The completed section of this well is not the only potential pay zone that we encountered during drilling," said Leroy Halterman, President of Brinx Resources. "This, as in many of our other multi pay zone wells, not only adds proven developed producing reserves to Brinx's inventory, but also adds significant behind-the-pipe reserves for future development."
Additional information regarding ongoing drilling, completion, and testing at Brinx Oklahoma Projects wells will be released as it becomes available.
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