Brinx Resources Ltd. (OTCQB: BNXR) is pleased to report that the Company and its partners have elected to drill a development well offset the highly successful 2008-3-5 well in southern Oklahoma. Drilling of the new 2008-3-5A well is expected to commence within the next two weeks.
The original 2008-3-5 well began production in May of 2009. As of June 1, 2011, the well had produced over 150,000 barrels of oil and 16.5 million cubic feet of natural gas from a single pay zone. The 2008-3-5 well continues to produce at a stabilized rate of over 100 barrels of oil per day. Electric logs conducted in 2009 identified a number of additional pay zones in the 2008-3-5 well above the currently producing pay zone. Engineers have estimated that the upper pay zones could contain over 180,000 additional barrels of oil to be recovered from the development well.