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[STK] OTC-BB:BECC OTC-QB:BECC
[IN] OIL UTI GAS
[SU] TNM
TO BUSINESS EDITORS:
Breitling Energy Corporation Announces Update on Breitling-Hope Lime
Field Discovery
DALLAS, March 6, 2014 /PRNewswire/ -- Breitling Energy Corporation
(OTC:BECC) (the "Company") announced that its previously reported new
oil discovery in Taylor County, Texas, the Teaff #1, began producing
on February 11, 2014. The well has averaged 40 to 50 barrels of oil
per day while pumping only 6 hours per day while the Company expands
its onsite production equipment. The Company originally announced the
well could be capable of producing 110 BOPD. However, at its current
rate, the Teaff #1 should be able to produce over 160 BOPD. The
Company will continue testing the well while monitoring pressures and
fluid entry. Breitling's Chief Geologist, Joe Simo and consulting
geophysicist, Gerald Holden believe the Teaff #1 has 3 to 4 offset
locations.
"We are very pleased with the current results of this well and hope we
can expand the daily production flow in the near future," said Chris
Faulkner, Chief Executive Officer and President of Breitling Energy
Corporation. "We hope to drill this acreage out by the close of 2014
and expand the field's production along the way."
For more information, visit www.breitlingenergy.com
ABOUT BREITLING ENERGY
Breitling Energy Corporation is an oil and gas exploration and
production company that acquires and develops lower-risk onshore oil
and gas working interests and royalty interests in proven basins in
the United States, such as the Bakken / Three Forks Sanish formations
located in North Dakota and the Mississippi Lime and Hunton / Woodford
/ Cleveland formations located in Oklahoma and Kansas.
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 materially.
Any number of factors could cause actual results to differ materially
from those in the forward-looking statements, including, but not
limited to, the volatility of oil and gas prices, the costs and
results of drilling and operations, the timing of production,
mechanical and other inherent risks associated with oil and gas
production, weather, the availability of drilling equipment, changes
in interest rates, litigation, uncertainties about reserve estimates,
environmental risks and other risks and uncertainties set forth in
Company's periodic reports and other documents filed with the SEC. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements.
Contact:
Chris Faulkner President & CEO Breitling Energy Corporation
214-716-2600
Read more news from Breitling Energy Corporation.
SOURCE Breitling Energy Corporation
-0- 03/06/2014
/Web Site: http://www.breitlingenergy.com
(OTC-BB:BECC /
OTC-QB:BECC) /
CO: Breitling Energy Corporation
ST: Texas
IN: OIL UTI GAS
SU: TNM
PRN
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0000 03/06/2014 13:45:00 EDT http://www.prnewswire.com
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