The OK-4 #2 was part of a two well drill program targeting hydrocarbon bearing sands similar to that encountered at the company’s 09-3 #2 well located less than one-half mile to the east.
To date, Brinx Resources and its partners have drilled six consecutive successful wells at Oklahoma projects drill programs, including two of which that are currently producing and selling oil and gas at a combined stabilized rate of over 400 barrels of oil per day with approximately 250 thousand cubic feet of natural gas, the company said.
A third well that tested at over one million cubic feet of natural gas per day along with 20 barrels of oil is awaiting a pipeline to be completed later this month before production and selling.
Leroy Halterman, president of Brinx Resources, said: “The success rate in our recent Oklahoma drill programs has been exceptional. Not only will these wells have a positive impact on our current cash flow and growth, but it should also be noted that all six wells have additional up-the-hole pay zones that will be completed by the partners at a later time.”
Based upon the success of the previous Oklahoma projects drill programs, Brinx Resources has elected to participate with its partners in additional programs, including the drilling of new exploration wells and wells to further the development of its newly discovered fields.
