Breitling Energy Corporation announces participation in a unique new prospect the Company believes has upside economic viability.
'This is an opportunity we feel is a good fit for this environment,' said Chris Faulkner, the Company's CEO and Chairman. 'The economics look favorable today, and when the market recovers, it should look even better.'
Breitling Energy is participating in the Jackson Prospect with Natchez, Mississippi-based Frank Davis Exploration Company, drilling a directional well from Concordia Parish, Louisiana to Adams County, Mississippi.
'Our geologist and Executive Vice President of Exploration, Joe Simo, has over 4 decades experience evaluating and selecting opportunities. In today's environment, that's invaluable for finding diamonds in the rough,' Faulkner said. 'We don't go to the billboard fields like the Bakken or Eagle Ford, just because they have the big name. This prospect has potential that is off the beaten path,' he added.