Brinx Resources Ltd. announces that it has commenced drilling on the new 2009-2 and 2009-3 oil and gas exploration programs at its Oklahoma Projects.
The 2009-2 and 2009-3 drill programs are located in the same area as the Company's successful 2008-3 program and target numerous potential pay zones including the prolific Oil Creek and Bromide Sands, Viola Limestone, Deese Sandstone and Layton Sandstone.
The last well of the 2008-3 program commenced flowing oil and gas at rates between 380 and 400 barrels of oil and 60 mcf of natural gas per day. After six months, this well from the 2008-3 program is still flowing at these same production rates with no decrease in flowing pressures. As of the first of November, this well had already produced over 65,000 barrels of oil and 7,400 mcf of gas.
"Brinx is encouraged by the success of the 2008-3 program and as a result is optimistic about our current 2009 programs," says President Leroy Halterman. "The 2009 program's close proximity to the successful 2008-3 program is very positive insofar as that program resulted in four producing wells and greatly increased our understanding of the geology of the area."
The 2009-2 and 2009-3 drill programs are part of Brinx's ongoing aggressive strategy of exploration and development activities. The success of the 2008-3 drilling program combined with land and production sales from previous programs has positioned the Company with sufficient cash reserves for both continued development of existing projects as well as expansion into new prospects.