Breezer Ventures Inc.

July 09, 2012 08:30 ET

Breezer Ventures Drills Second Hole on Jackson Oil Property

CHANG CHUN, CHINA--(Marketwire - July 9, 2012) - Breezer Ventures Inc. (BRZV) (PINKSHEETS:BRZV) ("Breezer" or the "Company") is pleased to announce that the first phase of the work program in connection with the joint venture between Breezer, Firecreek Global Inc. (Firecreek) and Tristar Energy Group Inc. (Tristar), announced on a news release dated April 10, 2012, has commenced.

The joint venture partners have commenced the process of rehabilitating Well #11, located on the Jackson oil and gas leases. This particular well was originally drilled in the 1970's and contains an existing well bore that was originally reported at 7 to 10 barrels per day oil in the Moran Formation. The well was abandoned almost 20 years ago and since that time there have been several significant discoveries in close proximity. In addition, technology has advanced significantly to allow for economically feasible testing and re-entry.

Well #11 will be re-completed approximately another 2,000 ft to fully explore the potential of all known productive horizons in the area. After deepening, the well will be conducted with various production tests to identify the specific entry points of crude oil within the well bore and to identify zones of oil and gas production. If deemed necessary, these entry points will be treated with hydrochloric acids to enhance production. The well will then be equipped with pumping equipment and infrastructure will be installed to gather and store the crude oil produced from the well.

General Project Overview

In April of 2012, Breezer formed a joint venture with Firecreek and Tristar to find, evaluate and develop past producing oil and shale natural gas projects on the Jackson Leases. Since then, the joint venture partners have been actively studying and acquiring data bases on the potential of identifying and acquiring abandoned oil and gas wells, as well as, exploiting other underdeveloped leases. Upon initial review of the data bases and numerous field inspections, the joint venture partnership has identified numerous wells that it believes has potential for re-entry and rehabilitation.

About Breezer Ventures Inc.

Breezer Ventures Inc. (PINKSHEETS:BRZF) is an oil and gas exploration and production Company engaged in oil production and its associated activities including: exploration, extraction, processing, and reclamation. The Company specializes in sustainable, low-cost oil and gas production which delivers value from efficiency. The Company currently owns and operates and also has options on various wells located in the Jackson Oil and Gas leases located in Texas.

Forward-Looking Statements

This current report contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, continuing production from the "Jackson Oil and Gas Leases", or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the leases, their production, and their potential. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with oil and gas exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of oil and gas prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.


Tang Xu, Director

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