SOURCE: National Healthcare Technology Inc.

October 06, 2006 08:00 ET

Exxon Gives Final Approval on South Liberty Oil Field Lease

LOS ANGELES, CA -- (MARKET WIRE) -- October 6, 2006 -- National Healthcare Technology Inc. (OTCBB: NHCT), d/b/a Brighton Oil, announced today that it has received final approval from Exxon on the development plan associated with the project and operations in the South Liberty County Oil Lease. It is anticipated that the assignments between the various interested parties of this transaction will be executed next week. After the completion of the assignments, Brighton can commence operations in order to further develop the existing production and to develop additional production on the field.

The prospect consists of 9 Yegua wells on the leases which have depths of 5,000 to 9,000 feet, three producing wells and 4 work-over wells. It is expected that the 4 work-over prospects will generate in the range of 100 to 200 barrels per day of oil production. A new well, the Gulf Crown #6, will also be drilled. The overall project will consist of completing the work-overs and re-entry of the existing wells. The company also plans an updip on the Humble-Simms #16, which will allow access to three deeper sands within the Orange Massive formation.

This project is an exciting project for Brighton as it offers existing production, ongoing work-over opportunities, as well as new drilling into established formations and zones of production.

Sam Petrossian, Chief Executive Officer of Brighton Oil commented, "The South Liberty Oil Field Lease is a perfect complement to our growing portfolio of oil field assets. We remain completely focused on only acquiring properties that can yield near term production for our company."

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

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.

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