• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Daybreak Initiates Drilling of F-2 Well; and Updates A-1 Production-Testing Operations in Louisiana

Posted on: Wednesday, 28 November 2007, 15:00 CST

SPOKANE, Wash., Nov. 28 /PRNewswire-FirstCall/ -- Daybreak Oil and Gas, Inc. (OTC Pink Sheets: DBRM) a Washington Corporation, is pleased to announce that over the past week, a drilling rig was contracted and moved on location in Tensas Parish, Louisiana to spud the Tensas Farms et al "F-2" well. Drilling is now underway at a current depth of 3,875 feet. This well is located approximately 3/4 of a mile south of the "F-1" discovery and will be drilled to a total depth of approximately 8,300 feet. The primary objective of the "F-2" well is to test the oil leg of the Basal Tuscaloosa Formation that Daybreak encountered in each of the initial three wells drilled in this field; and which has been productive in both the "F-1" and "F-3" wells.

Also, Daybreak reports that the "A-1" well, located approximately three miles northwest of the "F-2", is scheduled to be production-tested this week following final hook-up of the surface facilities. Completion equipment and down-hole perforating guns have previously been installed.

The current "F-2" well is the fifth in the Company's Basal Tuscaloosa play and is located within Daybreak's leasehold of over 20,000 acres in Tensas and Franklin Parishes. The targets for drilling are based on a 55,000 acre 3-D seismic survey which encompasses the entire leasehold area.

Daybreak Oil and Gas is currently the Operator of this project and controls pipeline infrastructure in the immediate area for hookup into local sales lines.

For information about Daybreak Oil and Gas, Inc., please contact: Eric Moe Telephone: (509) 465-4541 Email: emoe27@aol.com Mike McIntyre Telephone: (604) 484-6243 Email: mike.mcintyre10@gmail.com Web site: http://www.daybreakoilandgas.com/ Safe Harbor Statement

"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995: Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Information contained herein contains "forward-looking statements" which can be identified by the use of forward-looking terminology such as "believe", "expect", "may", "should", "up to", "approximately", "likely", or "anticipates" or the negative thereof or given that the future results covered by such forward looking statements will be achieved. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Daybreak Oil and Gas, Inc.

CONTACT: Eric Moe, +1-509-465-4541, emoe27@aol.com, or Mike McIntyre,+1-604-484-6243, mike.mcintyre10@gmail.com, both of Daybreak Oil and Gas,Inc.

Web site: http://www.daybreakoilandgas.com/

Source: PRNewswire-FirstCall

More News in this Category