SOURCE: Brinx Resources Ltd.

May 07, 2008 09:00 ET

Brinx: New Oil and Gas Well Exceeds Expectations

ALBUQUERQUE, NM--(Marketwire - May 7, 2008) - Brinx Resources Ltd. (OTCBB: BNXR) (the "Company" or "Brinx") is pleased to report the completion of the KC 80 #1-11 well at the Three Sands Project in Noble County, Oklahoma. The initial results from the upper Mississippian, the lowest of three potential pays zones, yielded production rates of almost 200 barrels of oil on the first 24-hour test.

The well has since been choked with approximately 100 psi of back pressure applied to reduce the production rate to approximately 100 barrels of oil per day and 100 mcf of natural gas. The KC 80 #1-11 was drilled to a depth of 4720 feet and had been surveyed with radiation and electrical logs.

The primary target for the well is the upper Mississippian Limestone and Chat Formation. These formations have produced significant amounts of oil and gas from a number of recently drilled oil and gas wells located near the KC 80 drill site. The KC 80's well logs indicated significant thickness of Chat and upper Mississippi Limestone with good porosity, permeability, and hydrocarbon shows. Only the upper Mississippian has been completed and the Chat and several other potential pay zones remain behind the pipe and have not been tested.

The Three Sands Project is located in the Three Sands Field that was localized by a balded structure where a combination of structure and erosion produced the prolific field. Pay zones in the project range from the Arbuckle to the Pennsylvanian and the have been produced over a 4000-foot interval that starts at less than one thousand feet from the surface. In addition to the Mississippian Limestone and Chat Formation, additional potentially productive zones in the Red Fork and Oswego Limestone may exist. Both of these zones lie above the targeted intervals.

A recent 3-D seismic survey on the Three Sands Project was used to determine this drill location as well as a number of other potential drill locations, all with multiple potential pay zones. Brinx has a 40% working interest in the Three Sands Project and in the KC 80 well. The project now has three wells producing oil and gas and one well producing natural gas.

About Brinx Resources

Brinx Resources is an expanding exploration company focused on developing North American 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 Three Sand Project in Noble County, Oklahoma (40% interest); the Owl Creek Project in McClain County, Oklahoma (42.5 to 70% interest); and the Palmetto Point Project in Mississippi (8 to 8.5% interest). Brinx Resources is seeking to further develop its existing project through development or offset drilling and expand its portfolio to include additional interests North America.

Leroy Halterman, President

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. 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. 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

  • For More Information Contact:

    Brinx Resources Ltd.
    Jesse Keller
    Investor Relations
    Toll Free: 1-888-472-1960

    Brinx Resources, Ltd.
    820 Piedra Vista Road NE
    Albuquerque, NM 87123-1954
    Corporate Office: 505.291.0158
    Fax: 505.291.0158