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[STK] OTC-BB:BECC OTC-QB:BECC
[IN] OIL UTI GAS
[SU] DSC
TO BUSINESS, AND ENERGY EDITORS:
Breitling Energy Corporation Announces the Successful Drilling of
First Well in the Permian Basin
DALLAS, April 3, 2014 /PRNewswire/ -- Breitling Energy Corporation
(OTC: BECC) (the "Company"), a Dallas-based oil and gas exploration
and production company, announced today the successful drilling of its
first well on the Company's existing 3,680 acre farmout in Sterling
County, Texas in the prolific Permian Basin. The well reached total
depth of 9,215 feet in late March and the Company elected to run pipe
in the anticipation of fracking and completing the well in mid-May.
The Company has recently announced it had entered into a farmout
agreement with Steller Energy and Investment Corporation to gain
rights to the Permian Basin acreage.
"Considering we have the ability to down space to 20 acres in the
area, we could have one-hundred plus drilling locations in Sterling
County," stated Chris Faulkner, the Company's Chief Executive
Officer. Mr. Faulkner further noted, "The electric logs show
potentially productive zones in the Cisco-Canyon sands, the Cline, the
Strawn and the Wolfcamp formations and we look forward to updating our
stockholders again once we are able to quantify the increase in oil
and gas production that this well will contribute to the Company's
overall oil and gas production."
The Company currently plans to drill an additional seven new wells on
the Sterling County acreage to fully capture the total 3,680 acres.
For more information, visit www.breitlingenergy.com
ABOUT BREITLING ENERGY
Breitling Energy Corporation (OTC:BECC) is a growing energy company
based in Dallas, Texas, engaged in the acquisition of lower risk
onshore oil and gas properties and the exploration and development of
such properties. We intend to utilize a combination of acquisitions
and growth through the drill-bit to increase reserve and production
value. Our oil and gas operations are focused primarily in the Permian
Basin of Texas and the Mississippi oil window of southern Kansas. We
also have various properties in Texas, North Dakota, Oklahoma and
Mississippi.
FORWARD-LOOKING STATEMENTS
Certain statements in this news release regarding future expectations,
access to public capital markets, plans for acquisitions and
dispositions, oil and gas reserves, exploration, development,
production and pricing may be regarded as "forward-looking statements"
within the meaning of the Securities Litigation Reform Act. They are
subject to various risks, such as operating hazards, drilling risks,
the inherent uncertainties in interpreting engineering data relating
to underground accumulations of oil and gas, as well as other risks
discussed in detail in the Company's periodic reports and other
documents filed with the SEC. Actual results may vary.
CONTACT: Traci Dakins, Stephenson Group, 253.306.4006?? INVESTOR
RELATIONS CONTACT: Gilbert Steedley, Breitling Energy, 214.716.2060
Read more news from Breitling Energy.
SOURCE Breitling Energy
-0- 04/03/2014
/Web Site: http://www.breitlingenergy.com
(OTC-BB:BECC /
OTC-QB:BECC) /
CO: Breitling Energy
ST: Texas
IN: OIL UTI GAS
SU: DSC
PRN
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0000 04/03/2014 16:00:00 EDT http://www.prnewswire.com
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