Breitling Concludes Ops at Pottawatomie County

Breitling announced that the Breitling-Magnolia #2 in Pottawatomie County, Oklahoma, is being completed as a possible oil and gas producer after reaching a total vertical depth of 4,500 feet.

From log analysis, the well encountered several potentially productive zones over a gross interval in the Earlsboro Sand formation from 3538 feet to 3846 feet, the Hunton Limestone from 4160 feet to 4178 feet, and the Upper Hunton from 4130 feet to 4146 feet. Testing and completion plans were finalized April 2 and a completion rig and crew are scheduled to move on location April 12, 2011.

Chris Faulkner, CEO of Breitling, said, "As predicted after our findings in the Magnolia #1, the Magnolia #2 encountered multiple potential pay zones and looks to be a good well." Faulkner added, "The Magnolia play has proven very successful and we are thrilled with the outcome."

Breitling ran a triple combo log and decided to run pipe based on analysis by Breitling's engineers and geologists as well as Halliburton's analysis of the Magnolia #2 logs. Joe Simo, Chief Geologist for Breitling, said, "The limestone showed good visual porosity, fracturing, oil staining and bright blue fluorescence with very strong odor."