Daybreak Announces 'F-2' Well Drilled to Total Depth in Tuscaloosa Play:
Prepares to Test 'A-1' Well in Louisiana
SPOKANE, Wash., Dec. 5 /PRNewswire-FirstCall/ -- Daybreak Oil and Gas,
Inc. (OTC Pink Sheets: DBRM) a Washington Corporation, announced today, that
the Tensas Farms et al "F-2" well located in Tensas Parish, Louisiana, has
been drilled to final total depth of 8,310 feet. Open-hole logging and side-
wall coring operations have been completed; and, 5-1/2" completion casing has
been set. A single zone in the primary objective, Basal Tuscaloosa Formation,
will be perforated and tested based on encouraging log analysis and
correlations to nearby wells.
This well is located approximately 3/4 miles south of the "F-1" field
discovery. The primary objective of the "F-2" well was to test the oil leg of
the Basal Tuscaloosa Formation that Daybreak encountered in each of the
initial four wells drilled in this field; and which has been productive in
both the "F-1" and "F-3" wells. Operations for the "F-2" began when the
surface location was constructed and conductor casing was set in September of
this year. The "F-2" was spudded on November 25, 2007.
In other news, the Company is pleased to announce that the Tensas Farms et
al "A-1" well located in Tensas Parish, Louisiana, will be tested later this
week depending upon local weather and lease-road conditions which have caused
delays in workover-rig movement. Open-hole well logs and side-wall core data
indicated a potential oil pay interval in the target Basal Tuscaloosa zone at
a depth between 8,094 and 8,118 feet; mud log "shows" were observed while
drilling this reservoir.
The well was spudded on August 27, and drilled to total depth of 8,200
feet on September 19, 2007. The "A-1" well had previously been cased and
surface facilities were installed in preparation for production testing. The
"A-1" is located approximately 2 miles northwest of the Tensas Farms et al "F-
1" discovery well, which was completed and placed on production in 2006.
Daybreak has a 28.5% working interest in the well before payout, increasing to
34.75% after payout and is the Operator of this project. The Company controls
pipeline infrastructure in the immediate area for hookup into local sales
lines.
The "A-1" and "F-2" wells were the fourth and fifth in Daybreak's Basal
Tuscaloosa play and are located within the Company's leasehold of over 20,000
acres in Tensas and Franklin Parishes. The targets for drilling are based on a
55,000 acre 3-D seismic survey which encompasses the entire leasehold area.
For information about Daybreak Oil and Gas, Inc., please contact:
Eric Moe Telephone: (509) 465-4541
Email: emoe27@aol.com
Mike McIntyre Telephone: (604) 484-6243
Email: mike.mcintyre10@gmail.com
Web site: daybreakoilandgas.com
Safe Harbor Statement
"Safe Harbor" Statement under Private Securities Litigation Reform Act of
1995: Certain statements contained herein constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Information contained herein contains "forward-looking statements"
which can be identified by the use of forward-looking terminology such as
"believe", "expect", "may", "should", "up to", "approximately", "likely", or
"anticipates" or the negative thereof or given that the future results covered
by such forward looking statements will be achieved. Such forward-looking
statements involve a number of known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of the Company to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements.
SOURCE Daybreak Oil and Gas, Inc.
Eric Moe, +1-509-465-4541, emoe27@aol.com; or Mike McIntyre, +1-604-484-6243,
mike.mcintyre10@gmail.com, both for Daybreak Oil and Gas, Inc.
