FORT WORTH, TX, March 8, 2013 /PRNewswire/ - Breezer Ventures
Inc. (BRZV) (OTCQB:BRZV.PK) ("Breezer" or the "Company") is
pleased to provide an update of its operations in the Jackson Oil
and Gas Leases located in Texas.
In March 2012, the Company drilled
on Well #6 into the Moran zone.
The Company achieved initial production and is currently studying
how to increase the oil production.
In April 2012, the Company signed
a joint venture agreement with Tristar Energy Group Inc. and
Firecreek Global Inc. to jointly invest $2,475,000 to develop fourteen oil and gas wells
on the Jackson property.
In July 2012, the Company and the
joint venture partners drilled on Well #11 into the Moran zone. A very large fracture
stimulation was also performed. There are indications that oil is
starting flow with promising shows on the flow tests.
In December 2012, the Company and
the joint venture partners drilled on Well #C-1 to the Tannehill
formation. We are achieving some oil production from that
zone and are testing completion techniques to improve the initial
production potential.
Building upon a successful 2012, Breezer is poised to commence a
busy 2013 year with more drilling and expectations of steady oil
production. The Company is also looking at other acquisitions
to bolster its inventory of drillable prospects.
About Breezer Ventures Inc.
Breezer Ventures Inc. (OTCQB:BRZV.PK) www.breezerventures.com
is an oil and gas exploration and production company engaged in oil
production and its associated activities including: exploration,
extraction, processing, and reclamation. The Company
specializes in sustainable, low-cost oil and gas production which
delivers value from efficiency. The Company currently owns
and operates and also has options on various wells located in the
Jackson Oil and Gas leases located in Texas.
Forward-Looking Statements
This current report contains "forward-looking statements", as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future,
including but not limited to, continuing production from the
"Jackson Oil and Gas Leases", or the generation of positive cash
flow as a result, updating of the corporate website or the
availability of an independent geological report outlining the
leases, their production, and their potential. Actual results could
differ from those projected in any forward-looking statements due
to numerous factors. Such factors include, among others, the
inherent uncertainties associated with oil and gas exploration and
difficulties associated with obtaining financing on acceptable
terms. We are not in control of oil and gas prices and these could
vary to make development uneconomic. These forward-looking
statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although we believe
that the beliefs, plans, expectations and intentions contained in
this press release are reasonable, there can be no assurance that
such beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth
herein and should also refer to the risk factors disclosure
outlined in our most recent annual report for our last fiscal year,
our quarterly reports, and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
ON BEHALF OF BREEZER VENTURES INC.
Tang Xu, Director
SOURCE Breezer Ventures