The development well is located directly offset the new oil and gas discovery well at 09-3 #1 and will test the same productive pay zones encountered previously in the 08-3 and 09-3 drill programs. The company said that if the weather permits, the drilling of this well should start within the next 30 days.
The 09-3 #1 discovery well was placed into production on January 22, 2010. The initial flow rates for the well were of 450 to 550 barrels of fluid per day with an oil cut ranging from 50% to 70% with natural gas production of over 400mcf per day.
Leroy Halterman, president of Brinx Resources, said: “It’s very exciting to move quickly with development plans to offset our most recent oil and gas discovery in Oklahoma. We are optimistic that this could be the first of several development wells that will be required to fully exploit this productive new pool.”
