Breezer Ventures Updates Drilling Activities on the Jackson Oil and Gas Asset
FORT WORTH, TX, March 18, 2013 /PRNewswire/ - Breezer Ventures Inc. (BRZV) (OTCQB:BRZV.PK) ("Breezer" or the "Company") reports that its operator, Firecreek Global, Inc., is currently drilling on Well 1 on the Jackson fields to a planned depth of 4,500 feet.
The primary objective of drilling Well 1 is to prove the presence of large hydrocarbons in the Ellenberger zone, which is a proven prolific zone on the Jackson property. Well 1 is adjoined to Breezer's Well 2A, recently acquired 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. Firecreek Global estimates Well 1 may produce 60 to 80 bpd of oil equivalent. The completion of Well 1 is expected to be accomplished by the end of March 2013.
"We are excited by this significant deep drilling activity on our Jackson oil and gas asset. We will be exploring the Company's option of moving forward of participating in the Ellenberger zone in the near future," 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