SOURCE: Brinx Resources Ltd.

Brinx Resources Ltd.

April 09, 2010 09:00 ET

Brinx Resources and Partners Spud First Well at OK-5 Oklahoma Project

ALBUQUERQUE, NM--(Marketwire - April 9, 2010) -  Brinx Resources (OTCBB: BNXR) is pleased to report that drilling of the first well at the OK-5 Oklahoma Project has begun.

The OK-5#1 exploration well is expected to take approximately two to three weeks to reach total depth. The OK-5#1 well site was selected based on positive indications from 3-D seismic surveys and is targeting hydrocarbon-bearing sands similar to that found at the Company's previously successful Oklahoma wells located in the same region.

"The weather has finally started to cooperate after a long wet and snowy winter that slowed and even stopped our field operations for long periods of times," said Leroy Halterman, President of Brinx Resources. "Our wells that have already been logged and cased for completion can now be completed and begin producing and selling oil and natural gas. At the present time, two recently completed wells are testing and completion has started on a third well. We have also targeted several other well locations to drill in the near future."

About Brinx Resources

Brinx Resources is an expanding exploration and production company focused on developing North American and international oil and natural gas reserves. The Company's current focus is on the continued exploration and development of its land portfolio comprised of working interests in the 08-3, 09-2, 09-3, OK-4 and OK-5 Oklahoma Projects (5% interest); Three Sands Project in Noble County, Oklahoma (40% interest); King City Project in California (20% interest); and the Palmetto Point and Belmont Lake Oil Field Projects in Mississippi (8 to 8.5% interest). Brinx Resources is seeking to further develop its existing projects through development or offset drilling and to expand its portfolio to include additional interests North America.

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.

Contact Information