DENVER, June 3, 2013 /PRNewswire/ -- Brinx Resources Ltd.
(OTCQB: BNXR) ("Brinx Resources" or "Brinx" or the "Company") today
provided this update regarding drilling operations at its
multi-well Oklahoma-2013
program.
The initial exploration target at the eight well Oklahoma-2013 program, the OK-13-1 well, was
drilled to a total projected depth of approximately 5,650 feet.
While the OK-13-1 well encountered the potential pay zone
horizons as projected, it was determined by the operating partner
that the well was non-commercial. As a result, the OK-13-1
well will be plugged and abandoned.
"Although we were unsuccessful with the first well at the
Oklahoma-2013 drilling program, we
remain confident in our operating partner's knowledge of and
outstanding exploration track record in the area," stated
Ken Cabianca of Brinx
Resources. "Drilling of the remaining seven prospects at the
Oklahoma-2013 program is expected
to continue with the same rig and crew moving to the next
location."
Drilling dates for the remaining seven prospects in Phase 1 of
the Oklahoma-2013 Project will be
announced when confirmed by the Operator.
The Oklahoma-2013 project is a
multi-phase multi-well exploration drill program currently being
conducted by Brinx Resources and it partners. Phase-1 of the
Oklahoma-2013 drill program
consists of eight (8) wells targeting the first selections from at
least 34 high-graded prospects generated by the partnership's
proprietary 3D seismic database that covers the entire 83,043 acres
or 130 square miles project area. Drilling at the multi-phase
Oklahoma-2013 project is expected
to continue through 2014. Going forward, the Company will be
providing an update monthly.
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
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.