Daybreak Oil and Gas, Inc. announce that its fourth consecutive successful oil well has been drilled at the Twin Bottoms Field Project in Lawrence County, Kentucky. The Gerald Grove H-4 well was drilled to a measured depth (MD) of 4,163 feet and a true vertical depth (TVD) of 1,190 feet. Logs and other measurement data indicate that the horizontal section of the well bore encountered 2,609 feet of oil-bearing sandstone. The well is scheduled to be hydraulically fractured on December 20, 2013 with production to begin soon thereafter.
Furthermore, the Company is pleased to report that the recently-drilled Gerald Grove H-3 well, the second well drilled, was put on production on December 13, 2013. The daily stabilized rate will be announced once it is determined.
In addition, the third well drilled, the Dwight Dillon H-6 well, has been completed and is currently being hooked up to its production facility. First production from this well is expected to occur by year end.