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22.05.2013 14:35
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Brinx Resources Provides Update Regarding Oklahoma Tornadoes and Oklahoma-2013 Drilling Program
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PR Newswire
DENVER, May 22, 2013
DENVER, May 22, 2013 /PRNewswire/ -- Brinx Resources Ltd. (OTCQB: BNXR) ("Brinx Resources" or "Brinx" or the "Company") would like to take this opportunity to confirm to shareholders that operations at its current Oklahoma-2013 drilling program are continuing and have not been affected by the devastating storms and tornadoes that have recently hit the State of Oklahoma.
"Although we are relieved to report that operations at the site of the Oklahoma-2013 drilling program have not been affected by the Oklahoma tornado disaster, we would also like to extend our sincere sympathies to those individuals, families, and communities that have been affected in any way by the situation," stated Ken Cabianca of Brinx Resources.
As of Monday, May 20, after six days of drilling, the initial well at the Oklahoma-2013 project (OK-13-1), has reached a depth of 3,415 feet and has encountered no significant mechanical difficulties. The projected depth of the OK-13-1 well is targeted for 5,650 feet. Drilling of the OK-13-1 well is expected to take several weeks to reach total depth.
Drilling dates for the remaining seven prospects in Phase-1 of the Oklahoma-2013 project will be announced when confirmed by the operator.
About Brinx Resources
Brinx Resources is an expanding exploration company focused on developing onshore North American oil and natural gas reserves. The Company's current focus is on the continued exploration and development of its current land portfolio in Oklahoma, as well as the drilling and production of the new Oklahoma-2013 Project (5% interest). Brinx Resources is seeking to further expand its portfolio to include additional interests in North America and internationally.
Investor Contact
LiveCall Investor Relations for Brinx Resources
E-mail: info@brinxresources.com
Brinx Corporate: www.brinxresources.com
Toll-Free: (877) 226-8002
Safe Harbor Statement: Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. The Company has no official gas or oil reserves at this time and may not have sufficient funding to thoroughly explore, drill or develop its properties. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings.
SOURCE Brinx Resources Ltd.
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