Dallas, TX (1888PressRelease)
October 06, 2009 - Breitling presently owns a 25% working interest in approximately 850 acres onshore in Hardeman County, Texas. This leasehold position consists of multiple separate target areas that have been selected for exploration with the first being the BREITLING-STAR #1 project. The acreage may to be prospective for both oil and conventional gas production, the company reports.
The company reports that is currently preparing to close the final investor funding for the project and late December 2009 is the earliest window during which Breitling can efficiently drill, complete and test the BREITLING-STAR #1 well while maintaining a tight control on project costs. “We are extremely excited with the seismic interpretation from our geologist; the leasehold appears to have some great target areas for us,” says Christopher Faulkner, Chief Executive Officer for Breitling.
In preparation for drilling the BREITLING-STAR #1 well, Breitling has identified a drilling rig, surveyed the proposed well location, completed the initial site permitting phase of the project, and secured all bonds required for drilling within Texas and secured James Smith & Associates as the drilling operator. Construction of the BREITLING-STAR #1 well pad and access road is expected to be completed in early December.
Breitling has current oil and gas exploration projects all over the United States.
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