Drilling Commenced at Trinity Prospect
Breitling announced that drilling has begun on the Trinity #1, the first of 3 wells in its Trinity oil and natural gas prospect. The Trinity #1 is located in Okfuskee County, Oklahoma. The initial well is being drilled to a depth of approximately 3700 feet and should achieve total depth by July 15, 2010.
The Trinity #1 prospect is a relatively low-cost opportunity to test multiple oil sands that have proven highly prolific in surrounding fields. A single 3,700' well will test the primary objectives: the Wilcox at 3,650' and the Lower Gilcrease at 2,725'. Strong secondary objectives are the Hunton at 3,720', the Cromwell at 2,900', Union Valley at 2,800', the Upper Gilcrease at 2,500' the Booch at 2,300', the Bartlesville at 1,900' and the Croweberg at 1,100'.
"We are thrilled to have lots of running room on this acreage position combined with great geological and geophysical data," said CEO Chris Faulkner.
Potential reserves for the Trinity #1 are estimated at 1,500,000 BO and 400,000 MCFG. A successful well on the Trinity #1 undrilled structural features could easily lead to the drilling of 4 to 6 additional oil wells on the acreage block.