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Brinx Identifies New Offset Development Wells to the Powell #2 -- Drilling to Commence in Early August

Brinx Resources Ltd. (OTCBB: BNXR) (the "Company" or "Brinx") is pleased to announce that it has now identified several new direct offset wells to be drilled off of the Powell #2 at Owl Creek. Brinx will commence drilling the first of these -- the Isbill #1-36 well -- in early August.

Seismic data indicates that the Isbill #1-36 well should be structurally very similar to the successful Powell #2 well. This includes both the current lower producing zone in the Powell #2, and the additional prospective pay zones (including the upper Viola).

At present, the Powell #2 well at Owl Creek continues to flow naturally under its own pressure. During its first 18 days of production the Powell #2 well has sold a total of 3,658 barrels of oil. And, the well is currently selling up to 60,000 cubic feet of natural gas per day.

"The seismic data looks very favorable for the new Isbill well," says Brinx President Leroy Halterman, "particularly when we compare it to the Powell #2 data, and measure it against the Powell's current success." "Identifying and drilling this first new well location," says Halterman, "is another positive step towards developing Brinx's new Field discovery at Owl Creek."

Brinx Resources hold a 50% working interest in the 1,200 acres in the Owl Creek Prospect. In addition to the Trenton zone of the Viola, other wells in the immediate vicinity have had oil and gas shows in the upper Viola, Hunton, Hart, Bromides, and Gibson zones. Additional drilling will help further define the project potential in these other pay zones.

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 (50% interest); and the Palmetto Point Project in Mississippi (10% interest). Brinx Resources is seeking to 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.


Tags: ,Energy and Utilities:OilandGas, EnergyandUtilities:Utilities, ManufacturingandProduction:MiningandMetals, ,OTCBULLB,OTCBULLB,NM,ALBUQUERQUE, NM

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