FORT WORTH, TX, March 8, 2013 /CNW/ - Breezer Ventures Inc. (BRZV)
(OTCQB:BRZV.PK) ("Breezer" or the "Company") is pleased to provide an
update of its operations in the Jackson Oil and Gas Leases located in
In March 2012, the Company drilled on Well #6 into the Moran zone. The
Company achieved initial production and is currently studying how to
increase the oil production.
In April 2012, the Company signed a joint venture agreement with Tristar
Energy Group Inc. and Firecreek Global Inc. to jointly invest
$2,475,000 to develop fourteen oil and gas wells on the Jackson
In July 2012, the Company and the joint venture partners drilled on Well
#11 into the Moran zone. A very large fracture stimulation was also
performed. There are indications that oil is starting flow with
promising shows on the flow tests.
In December 2012, the Company and the joint venture partners drilled on
Well #C-1 to the Tannehill formation. We are achieving some oil
production from that zone and are testing completion techniques to
improve the initial production potential.
Building upon a successful 2012, Breezer is poised to commence a busy
2013 year with more drilling and expectations of steady oil
production. The Company is also looking at other acquisitions to
bolster its inventory of drillable prospects.
About Breezer Ventures Inc.
Breezer Ventures Inc. (OTCQB:BRZV.PK) www.breezerventures.com is an oil and gas exploration and production company engaged in oil
production and its associated activities including: exploration,
extraction, processing, and reclamation. The Company specializes in
sustainable, low-cost oil and gas production which delivers value from
efficiency. The Company currently owns and operates and also has
options on various wells located in the Jackson Oil and Gas leases
located in Texas.
This current report contains "forward-looking statements", as that term
is defined in Section 27A of the United States Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. Statements in
this press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future, including but not
limited to, continuing production from the "Jackson Oil and Gas
Leases", or the generation of positive cash flow as a result, updating
of the corporate website or the availability of an independent
geological report outlining the leases, their production, and their
potential. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with oil
and gas exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of oil and gas
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those projected in the forward-looking statements. Although we
believe that the beliefs, plans, expectations and intentions contained
in this press release are reasonable, there can be no assurance that
such beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth
herein and should also refer to the risk factors disclosure outlined in
our most recent annual report for our last fiscal year, our quarterly
reports, and other periodic reports filed from time-to-time with the
Securities and Exchange Commission.
ON BEHALF OF BREEZER VENTURES INC.
Tang Xu, Director
SOURCE: Breezer Ventures
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