The OK-4 #2 well is expected to take approximately two-three weeks to reach total depth and is targeting hydrocarbon bearing sands similar to that encountered at the OK-4 #1 discovery well location approximately one mile to the north and the 09-3 #2 well located less than one-half mile to the east.
The electric well logs and a drill stem test that flowed both oil and gas to the surface during initial testing indicate the strong likelihood that both the OK-4 #1 and 09-3 #2 wells will be additional producing wells for the company. The OK-4 #1 and 09-3 #2 wells are undergoing the final stages of completion prior to production.
Leroy Halterman, president of Brinx Resources, said: “We are very pleased to see this new well get started on schedule in spite of less than ideal weather conditions. With springtime on the near horizon, we hope to be able to move quickly with final development of the numerous successful wells already drilled by our partnerships.”
Brinx Resources is focused on developing North American and international oil and natural gas reserves. The company’s current focus is on the continued exploration and development of its land portfolio comprised of working interests in the 08-3, 09-2, 09-3, 09-4 and OK-4 Oklahoma projects (5% interest); Three Sands project in Noble county, Oklahoma (40% interest); King City project in California (20% interest); and the Palmetto Point and Belmont Lake oil field projects in Mississippi (8% to 8.5% interest).
