Breezer Ventures Inc. has permitted six locations on its Jackson Oil Fields, Texas.

"The wells are extremely shallow, cost between $50,000 to $75,000 each to bring into production and are economically positive, especially at oil prices near $100.00 per barrel," said Breezer's President, Tang Xu. "With a land holding of 870 acres and well spacing of 5 acres, there are a significant number of low-risk locations yet to be drilled and the production enhancement potential of fracture stimulation and water flooding the properties for greater recovery is considerable. Also, there are an additional 18 existing wells on the property that have production history that are available for re-entry and rehabilitation."

Building upon a successful 2012, Breezer is poised to commence a busy 2013 year with more drilling and expectations of steady oil production.

Tags: Breezer Ventures Inc.