SOURCE: National Healthcare Technology, Inc.

March 21, 2007 13:59 ET

Brighton Oil to Begin Drilling on 42 Well Program Comprising 15,000 Acres

Management Anticipates Monthly Revenue From the Well Program to Exceed $1 Million per Month

LOS ANGELES, CA -- (MARKET WIRE) -- March 21, 2007 -- National Healthcare Technology Inc. (OTCBB: NHCT), d/b/a Brighton Oil, announced today that it has begun testing of its 23 wells located in Southern Texas. Brighton will complete in the next several weeks testing the existing wells and preparing to drill four new wells and re-enter nine wells. The lease position in Texas is over 14,000 acres. Upon completion of the well drilling program, it is expected that revenue will increase by over $850,000 per month. Management is currently utilizing its existing infrastructure to drill and develop the leases.

In addition to the 23 well program in Southern Texas, the company has increased its position in Kansas to over 1,000 acres comprising approximately 19 wells. It is expected that based upon production results in the area, the company will obtain a return on its investment in less than four months. The lease has a life span of at least twenty-five years and is expected to generate revenues in excess of $450,000 per month. The company is preparing to move a rig onsite by the end of this month to begin drilling on its lease.

Brighton Oil is now preparing to execute and close on several very large oil and gas purchases in the next week. These wells have significant cash flow and a very large upside drilling potential.

For more information please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit the company website at: www.Brightonoil.com.

About Brighton Oil:

Brighton Oil is an oil and gas company with a focus on Gulf Coast oil and gas prospects and properties. Brighton is careful to develop a thorough drilling plan using advanced technologies in both mapping and the use of 3D seismic reports and information. Brighton Oil trades under the ticker symbol NHCT. For more information on the Company visit www.Brightonoil.com.

This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words "expects," "projects," "plans," and certain of the other foregoing statements may be deemed "forward-looking statements." Although Brighton Oil believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors.

Contact Information

  • Contact:
    Taylor Capitol, Inc.
    Investor Relations:
    Stephen Taylor
    973-351-3868
    Email Contact