Breezer Ventures Inc (BRZV)

[geraldr]

BRZV In the 1950’s, Magnolia Oil Company (now Mobil Oil) drilled a discovery well in Callahan County, Texas on the Jackson Lease which currently contains 870 acres situated on the western side of the Bend Arch of the Fort Worth Basin. The lease is situated 5 miles north of Baird, Texas. The original Jackson No. 1 was an Ellenburger discovery (4450’) which was the beginning of the famous Red Horse Field. Magnolia drilled 3 additional Ellenburger wells on the lease before focusing on the very prolific Moran Sand at 2500’. They produced the Ellenburger wells until the oil and water cut was down to approximately 25-30%. They then came up to the Bend Conglomerate at 4175’. This was a thick zone of conglomerate which had a very high concentration of light oil and distillate.