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BNXR Brinx Resources Ltd (CE)

0.0001
0.00 (0.00%)
30 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Brinx Resources Ltd (CE) USOTC:BNXR OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.00 01:00:00

Brinx Resources Spuds First Well at New Oklahoma Project

15/05/2013 2:30pm

PR Newswire (US)


Brinx Resources (CE) (USOTC:BNXR)
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DENVER, May 15, 2013 /PRNewswire/ -- Brinx Resources Ltd. (OTCQB: BNXR) ("Brinx Resources" or "Brinx" or the "Company") is pleased to announce that the Company and its partners have spud the first well (OK-13-1) at the Oklahoma-2013 Project.

The spud date was Tuesday, May 14, and it is expected that it will take approximately three weeks to reach total depth. It is anticipated that the total depth of the well will be approximately 5,650ft.

As previously announced, Brinx and its partners have now identified and confirmed eight initial prospects that will constitute Phase-1 of the Oklahoma-2013 Project. The drilling of this first well (OK-13-1) initiates Phase-1, and further drilling of the remaining 7 wells is expected to continue throughout the summer.

The drilling objectives at Oklahoma-2013 are to potentially target 2nd Wilcox sand, 1st Wilcox sand, Trenton dolomite, Simpson dolomite, Viola limestone, Hunton limestone, Bartlesville sand and Redfork sand. In addition to locating and developing new productive structures from the sands, dolomites and limestones mentioned above, it is also believed that deeper productive structures could be found in the Tulip Creek sand, McLish sand, Oil Creek sand, Joins sands and Arbuckle limestone.

"Now that the new Oklahoma-2013 Drilling Program is finally underway the Company looks forwards to a great deal of success as the drilling program progresses over the next several months," stated Ken Cabianca, of Brinx Resources. "This initial spud sets in motion a new program that holds the potential to significantly bolster the Company's portfolio and ultimately the Company's revenue stream."

About Brinx Resources

Brinx Resources is an expanding exploration company focused on developing onshore North American oil and natural gas reserves.  The Company's current focus is on the continued exploration and development of its current land portfolio in Oklahoma, as well as the drilling and production of the new Oklahoma-2013 Project (5% interest). Brinx Resources is seeking to further expand its portfolio to include additional interests in North America and internationally.

Investor Contact

LiveCall Investor Relations for Brinx Resources
E-mail: info@brinxresources.com
Brinx Corporate: www.brinxresources.com
Investor Community: www.livecallir.com
Toll-Free: (877) 226-8002

Safe Harbor Statement: Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. The Company has no official gas or oil reserves at this time and may not have sufficient funding to thoroughly explore, drill or develop its properties. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings.

SOURCE Brinx Resources Ltd.

Copyright 2013 PR Newswire

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