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.