All the four wells are situated within a 640-acre closure mapped at the Holmes Sand and the Mississippian Chappel dolomite formations above an estimated total vertical depth of 7,600 feet.
The Holmes Sand is a high-quality sand reservoir which is covered in hydrocarbon-rich Barnett shale, similar to the Bakken shale in North Dakota.
Breitling Oil and Gas CEO Chris Faulkner said the company is drilling the fourth Turner well in the prospect.
"This is turning into a great oil field for us," Faulkner added.
The company outlined the prospect using geological and geophysical techniques and the information it gained from drilling of the first three Breitling-Turner wells.
Breitling is expecting to reach the total depth of the well in about 18 days and well completion and testing could begin in the second week of September 2012.
US-based Breitling Oil and Gas is an independent exploration and production company.