Daybreak Oil and Gas, Inc. announce that its third consecutive successful oil well has been drilled in the recently-acquired Twin Bottoms Field Project in Lawrence County, Kentucky. The Dwight Dillon H-6 well was drilled to a measured depth ("MD") of 5,100 feet and a true vertical depth ("TVD") of 1,442 feet.
Logs and other measurement data indicate that the horizontal section of the well bore encountered 3,546 feet of oil-bearing sandstone. The well will be hydraulically fractured the last week in October and will be put on production soon thereafter. In addition, the recently-drilled Gerald Grove H-3 well, our second well, will be hydraulically fractured the first week in November and put on production when production facilities are in place.
The previously announced Gerald Grove H-1 well, the first well in a multi-well program, has now been completed and is currently in production testing. In the first 58 hours of testing, the well produced 668 barrels of oil and approximately 100 Mcf ("thousand cubic feet") of gas.