FORT WORTH, TX, April 25, 2013 /PRNewswire/ - Breezer Ventures Inc. (BRZV) (OTCPK) ("Breezer" or the "Company") is pleased to announce that fracture stimulation is expected to commence shortly at the Jackson Well 27.
The fracture stimulation is intended to break apart the reserves allowing for a significant increase in the flow of oil. The process has proven to be highly effective in dramatically increasing production from the Tannehill and Moran formation in the area.
The status of five other wells was outlined in a previous operational update showing that three had been drilled and were undergoing completion. One was waiting to spud and one was in the drilling phase.
With six wells currently undergoing drilling, completing or fracture stimulation operations, the Company anticipates a further increase in revenues and reserves as these wells are brought into production. Combined with additional multiple proposals on other wells, the Company remains on course to build a significant oil and gas company focused on USA onshore formations, and in the process generate substantial value for shareholders.
About Breezer Ventures Inc.
Breezer is an oil and gas company focused on the prolific Jackson Fields, Texas, targeting redevelopment, exploration and exploitation of oil and gas properties located near infrastructure and existing discoveries.
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