SOURCE: Brinx Resources Ltd.

Brinx Resources Ltd.

March 19, 2010 09:00 ET

Brinx Resources and Partners Begin Drilling Second Well at OK-4 Oklahoma Project

ALBUQUERQUE, NM--(Marketwire - March 19, 2010) - Brinx Resources (OTCBB: BNXR) is pleased to report that drilling of a second well at the Company's successful OK-4 Oklahoma oil and gas exploration project has begun.

The OK-4 #2 well is expected to take approximately two-three weeks to reach total depth and is targeting hydrocarbon bearing sands similar to that encountered at the OK-4 #1 discovery well location approximately one mile to the north and the 09-3 #2 well located less than one-half mile to the east. 

As previously announced, electric well logs and a drill stem test that flowed both oil and gas to the surface during initial testing indicate the strong likelihood that both the OK-4 #1 and 09-3 #2 wells will be additional producing wells for the Company. The OK-4 #1 and 09-3 #2 wells are currently undergoing the final stages of completion prior to production.

"We are very pleased to see this new well get started on schedule in spite of less than ideal weather conditions," said Leroy Halterman, President of Brinx Resources. "With springtime on the near horizon, we hope to be able to move quickly with final development of the numerous successful wells already drilled by our partnerships."

Further information regarding progress at the OK-4 program will be released, as it becomes available.

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, 09-4, and OK-4 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