Breezer Ventures Provides Update on Jackson Well 1 Exploration Drilling
FORT WORTH, TX, May 1, 2013 /PRNewswire/ – Breezer Ventures Inc. (BRZV)
(OTCQB:BRZV.PK) (“Breezer” or the “Company”) today announced that the
Jackson Well 1 has reached a Total Vertical Depth of approximately
The well was drilled to its primary target: the Ellenberger reservoir.
The Ellenberger zone is capable of producing 100 to 200 BOPD, based on
historical production. Additionally, electronic logs, performed in
the past, also confirm this production estimate. The Company is
awaiting the arrival of further drilling equipment, expected this week,
which will allow completion of the drilling and oil production from the
high quality reservoir sands of the Ellenberger zone.
Well 1 is adjoined to Breezer’s Well 2A, recently acquired interest by
the Company and announced in a recent news release issued on March 15,
2013. Well 1 is approximately 660 feet away from Well 2A.
“These drilling results will increase our geotechnical understanding of
the Ellenberger zone. We will use the information to further refine,
evaluate and to open new potential drill targets in the Ellenberger
zone,” commented Tang Xu, CEO of Breezer Ventures, Inc.
About Breezer Ventures Inc.
Breezer Ventures Inc. is an oil and gas exploration and development
company focused on projects in the United States. The Company is
developing oil and gas properties with the aim of bringing such
properties to commercial production.
This press release may include certain statements that are
forward-looking in nature. Such forward-looking statements are within
the meaning of that term in Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. The forward-looking statements in this press release are based
on Breezer Ventures Inc.’s current expectations and projections
regarding future events, which are based on currently available
information. Breezer Ventures Inc. disclaims any obligation to update
any of its forward-looking statements, except as may be required by
law. 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 THE BOARD OF DIRECTORS,
Tang Xu, President & Director
SOURCE Breezer Ventures