The company is expecting to drill the Breitling-Brown Billy #3 prospect to 5,900ft and test for the Upper and Lower Yegua oil sands.

Breitling Oil and Gas CEO Chris Faulkner said the company is encouraged by the Brown Billy prospect and it will continue to drill
the acreage.

"We continue to drill up-dip to some very productive wells in the field," Faulkner added.

The company is estimating to reach the total depth of the well in about six days and will begin well completion and testing during the second week of October 2012.

The proposed location was confirmed by the company’s integrating 3D Seismic shoot in 2011.

Breitling Oil is drilling the well as a part of its development program, Gulf Coast Onshore Initiative.