FORT WORTH, TX, April 2, 2013 /PRNewswire/ - Breezer Ventures Inc. (BRZV) (OTCQB:BRZV.PK) ("Breezer" or the "Company") is pleased to announce it has permitted six locations on its Jackson Oil Fields, Texas.
"The wells are extremely shallow, cost between $50,000 to $75,000 each to bring into production and are economically positive, especially at oil prices near $100.00 per barrel," said Breezer's President, Tang Xu. "With a land holding of 870 acres and well spacing of 5 acres, there are a significant number of low-risk locations yet to be drilled and the production enhancement potential of fracture stimulation and water flooding the properties for greater recovery is considerable. Also, there are an additional 18 existing wells on the property that have production history that are available for re-entry and rehabilitation."
Building upon a successful 2012, Breezer is poised to commence a busy 2013 year with more drilling and expectations of steady oil production.
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. The forward-looking statements in this press release may also include statements relating to Breezer Ventures Inc.'s anticipated new developments, business prospects, financial performance, strategies and similar matters. 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