Daybreak Oil and Gas, Inc. announce the results of the second well in the current drilling program at the East Slopes Project in Kern County, California. The Bear #6 well was drilled to 2,153 feet and we estimate there is approximately 25 feet of oil pay in the Vedder Sand. This drilling rig will now be moved to the Black #2 well location.
The Company owns a 37.5% working interest in the Bear wells and a 33.75% working interest in the Black #2 well. A second drilling rig has arrived on the Company's Sunday #5 location. The Sunday #5 well was spud on May 13, 2013, and drilling operations are currently underway. After the completion of the Sunday #5 well, the second rig will move to the Company's Chimney prospect to drill the Chimney #1-1 exploratory well.
Production results for Bear #5, Bear #6, Sunday #5, and Black #2 will be announced when production testing is completed. These wells will be produced into the Company's Sunday Central Processing Facility.
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Daybreak Oil and Gas
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