CALGARY, Nov. 9 /CNW/ - (TSX.V:BRX) Brixton Energy Corp. ("Brixton") would like to announce the following corporate overview.
- Brixton currently holds leases on 1280 acres in Gage Area, AB, PRA.
- Shot and interpreted 2D and 3D seismic on these holdings.
- Drilled 2 test wells, 2400 m deep and 1200 m deep.
- 6 hydrocarbon bearing zones were identified.
- New oil pool discovery in Montney zone. Geological Report suggests 4.4 million bbls of oil in place with a conservative recovery rate of 25%.
- Upcoming drill recommendations to drill 2 horizontal Montney wells and prioritize secondary zones from test wells and the horizontals.
- Montney targets could yield $53 million in probable net revenue
- 1280 acres surface to basement mineral rights in Panny area, AB which are currently under evaluation
- Kindersley, SK -received an independent NI-51-101 report with $4,799,000 proven plus probable.
On Behalf of Brixton Energy Corp.
"Richard Saxon"
_______________________
Richard Saxon, President
We seek Safe Harbor
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
Richard Saxon at 604-269-0006
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